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Bank of America Corp., Elliot Wave Analysis
11/15/2022 10:32 AMThe price is in a correction, a fall is possible.
On the daily chart, the first wave of the higher level 1 ended, and a downward correction develops as the second wave 2, within which the wave (А) of 2 formed, and the development of the local correction as the wave (B) of 2 ends. Now, the formation of the wave C of (B) ends. If the assumption is correct, the price of the asset will fall to the area of 26.32–20.82. In this scenario, critical stop loss level is 42.27.
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