Solid News

Bank of America Corp., Elliot Wave Analysis

3/7/2023 10:29 AM

A fall is possible.

On the daily chart, a downward correction develops as the second wave 2, within which the wave (А) of 2 ended, a local correction formed as the wave (B) of 2, and the wave (C) of 2 forms. Now, the first wave of the lower level 1 of (C) has formed, a local correction has ended as the wave 2 of (C), and the development of the third wave 3 of (C) has started, within which a local correction is forming as the wave ii of 3. If the assumption is correct, the price will fall to the area of 26.32–20.82. In this scenario, critical stop loss level is 37.05.

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 2023