Technical Analysis Report: BRK.B (Berkshire Hathaway Inc.)
Timeframe: 4H Chart
Period Reviewed: 2024 – May 9, 2025
Candle Type: Heikin Ashi
🔹 1. Market Trend Structure
Primary Trend: Strong bullish trend from 2024 to early 2025, forming higher highs and higher lows within a well-defined ascending channel.
Recent Structure Change (April–May 2025): Price broke below the upper trendline and appears to be retesting former support levels. A possible trend exhaustion or reversal is forming.
🔹 2. Key Support and Resistance Levels
Major Resistance:
$541.94 All-time high; psychological barrier.
Resistance:
$522.04 Local high before recent downturn.
Current Price:
$513.53 Hovering below broken structure.
New Support Zone:
$513.25 Retest area (former top).
Support 3:
$499.25 Needs to hold to preserve bullish bias.
Support 2 :
$482.11 Former range low and mid-channel support.
Support 1:
$462.34 Key level—loss of this implies deeper drop.
🔹 3. Channel and Pattern Analysis
Main Ascending Channel: Price respected both boundaries until the April 2025 peak.
Breakdown & Retest: Price has broken the channel and is testing lower highs—suggesting possible distribution.
Bearish Wedge-like Structure: Formation between April–May resembles a rising wedge followed by breakdown—bearish continuation pattern.
🔹 4. Price Action Behavior
Volume: Spike in volume near peaks, suggesting distribution by large holders.
Heikin Ashi Trend Candles: Recently showing more red-bodied candles with upper wicks—sign of selling pressure.
Failed Bullish Momentum: The most recent attempt to reclaim $522 failed, showing weakened buying interest.
🔹 5. Potential Scenarios
✅ Bullish Recovery Scenario:
Price reclaims $522 and sustains above $513.60.
Targets: $541.94 and new highs beyond.
Needs volume confirmation and bullish candle formations.
❌ Bearish Breakdown Scenario:
Price loses $499.25 and closes below $482.
Key breakdown below $462.34 = strong bearish shift.
Bearish targets: $440 → $400 → potentially $360–$343 (unfilled gap zone).
📌 Conclusion: Bearish Tilt Emerging
The overall long-term trend remains bullish, but short-term structure has shifted bearish due to:
If support at $499.25 fails, expect acceleration to $482 → $462. Below $462 confirms trend reversal and bearish continuation into summer 2025.
Timeframe: 4H Chart
Period Reviewed: 2024 – May 9, 2025
Candle Type: Heikin Ashi
🔹 1. Market Trend Structure
Primary Trend: Strong bullish trend from 2024 to early 2025, forming higher highs and higher lows within a well-defined ascending channel.
Recent Structure Change (April–May 2025): Price broke below the upper trendline and appears to be retesting former support levels. A possible trend exhaustion or reversal is forming.
🔹 2. Key Support and Resistance Levels
Major Resistance:
$541.94 All-time high; psychological barrier.
Resistance:
$522.04 Local high before recent downturn.
Current Price:
$513.53 Hovering below broken structure.
New Support Zone:
$513.25 Retest area (former top).
Support 3:
$499.25 Needs to hold to preserve bullish bias.
Support 2 :
$482.11 Former range low and mid-channel support.
Support 1:
$462.34 Key level—loss of this implies deeper drop.
🔹 3. Channel and Pattern Analysis
Main Ascending Channel: Price respected both boundaries until the April 2025 peak.
Breakdown & Retest: Price has broken the channel and is testing lower highs—suggesting possible distribution.
Bearish Wedge-like Structure: Formation between April–May resembles a rising wedge followed by breakdown—bearish continuation pattern.
🔹 4. Price Action Behavior
Volume: Spike in volume near peaks, suggesting distribution by large holders.
Heikin Ashi Trend Candles: Recently showing more red-bodied candles with upper wicks—sign of selling pressure.
Failed Bullish Momentum: The most recent attempt to reclaim $522 failed, showing weakened buying interest.
🔹 5. Potential Scenarios
✅ Bullish Recovery Scenario:
Price reclaims $522 and sustains above $513.60.
Targets: $541.94 and new highs beyond.
Needs volume confirmation and bullish candle formations.
❌ Bearish Breakdown Scenario:
Price loses $499.25 and closes below $482.
Key breakdown below $462.34 = strong bearish shift.
Bearish targets: $440 → $400 → potentially $360–$343 (unfilled gap zone).
📌 Conclusion: Bearish Tilt Emerging
The overall long-term trend remains bullish, but short-term structure has shifted bearish due to:
- Breakdown from ascending channel
- Failure to reclaim resistance
- Lower highs forming
- Selling pressure with bearish candle structure
If support at $499.25 fails, expect acceleration to $482 → $462. Below $462 confirms trend reversal and bearish continuation into summer 2025.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.