Sharp rejection from a retracement of 0.382 of the previous swing. It tested the trendline multiple times. Currently in the demand zone, if that is broken, we can see more downside—targets in the chart.
Positionally BNF is still bearish For intraday watch out for key levels for support and resistance After an impulse movement, a corrective wave has started. The view will only be bullish after closing above 42016
Price moving in a channel. Cup and handle breakout on a daily time frame. The depth of the Cup will be targeted upwards. The price is still in an uptrend.
Potential PRZ of 2200 based on latest retracement and Fib extensions. Also, the Potential Bullish bat pattern shows PRZ in the vicinity of 2200.