Green lines - rising wedge pattern
Yellow lines - Recent bearchannel /Possible flag
White line - Resistance turned Support area
Bearish Rising wedge is obvious here. There's room for one more trip up should BAC breakout of that bearchannel with a possible bullish target of 50$.
Should BAC lose the wedge support and drop below 43.40 we could possible drop down to 32-35$ which would represent a 25% correction.
If it loses support this week or rallies up ome more time , BAC is heading for a correction into the Spring 2022
Yellow lines - Recent bearchannel /Possible flag
White line - Resistance turned Support area
Bearish Rising wedge is obvious here. There's room for one more trip up should BAC breakout of that bearchannel with a possible bullish target of 50$.
Should BAC lose the wedge support and drop below 43.40 we could possible drop down to 32-35$ which would represent a 25% correction.
If it loses support this week or rallies up ome more time , BAC is heading for a correction into the Spring 2022
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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.