While we wait for the grass to grow for a little while.....
I am very tempted to call the bottom in for XJO.
1. Those ABC legs match up nicely to a 1:1.618fib.
2. C waves that are built up over several months can be quite sharp and deep.
3. This C leg down was not from an ATH, juuuust missed it by a few peeps and yes that matters.
4. The low of a deeper pull back usually wipes out a whole 5 wave move of the previous impulse up (Pink area and 5 waves in purple to show what I mean).
Just some high level thoughts to gauge sentiment of when BRN might bank in a holdable turn.
MK.
While we wait for the grass to grow for a little while.....I am...
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