Solid News
Bank of America Corp., Elliot Wave Analysis
8/9/2022 11:58 AMThe price is in a correction and may grow.
On the daily chart, the first wave of the higher level 1 formed, and a downward correction develops as the second wave 2. Now, the wave (А) of 2 has formed, within the fifth wave of the lower level 5 of (А) has developed, and a local correction is developing as the wave (B) of 2, within which the upward wave C of (B) is forming. If the assumption is correct, the asset will grow to the area of 39.30–41.45. In this scenario, critical stop loss level is 29.75.
Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience.
Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com