Updated

Bank of America Long-Term

All long-term psychological targets and Support/Resistance levels are at fib intersections.
Here are some short/mid term targets:
Forecasts by institutions
Goldman Sachs: 54
Societe Generale: 46
Morgan Stanley: 51
JPMorgan Chase: 52
Citi: 57
Deuche Bank: 51
Atlantic Equities: 55
Oppenheimer & Co: 54

Note

Fell to fib opposite to the direction of movement, hence increased chances of triangular formations in fibonacci frames.

Note

0.618 support.

Note

This is why you never trust forecasts or evaluation reports by institutions. Their deals were locked in before publishing. They have their angle trading 5 wavers off the market into their balance. Obviously they know about their volumes and aware about balance of money than news-traders or some naive neural network that analyses asymmetric flow of info. The actual objective balance of market is not only in patterns but in Candle Metrics too.

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ᴘᴀꜱᴛ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ɪꜱ ɴᴏᴛ ɪɴᴅɪᴄᴀᴛɪᴠᴇ ᴏꜰ ꜰᴜᴛᴜʀᴇ ʀᴇꜱᴜʟᴛꜱ.

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