Bank of America Corporation Multi Year Correction Targets 23/25
Bank of America Corporation (BAC) grew through Covid as must banks did.
After an impulse comes a correction.
- The bullish wave is shown here as an EW 12345 Impulse.
- Long-term EW ABC correction now taking place.
POTENTIAL TARGET/SUPPORT ZONE
The low can be set at 23-35.
At or below the 0.786 Fib. retracement level for the previous bullish wave.
CONDITIONS FOR CHANGE
Closing above 38.6 changes the chart bias.
It changes from bearish to bullish potential.
After the correction its over it tends to reverse.
Namaste.
After an impulse comes a correction.
- The bullish wave is shown here as an EW 12345 Impulse.
- Long-term EW ABC correction now taking place.
POTENTIAL TARGET/SUPPORT ZONE
The low can be set at 23-35.
At or below the 0.786 Fib. retracement level for the previous bullish wave.
CONDITIONS FOR CHANGE
Closing above 38.6 changes the chart bias.
It changes from bearish to bullish potential.
After the correction its over it tends to reverse.
Namaste.
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