VladimirRibakov

Bank Of America Buy Idea

Short
NYSE:BAC   Bank of America
D1 - Price moving inside range, bullish divergence is forming.

H4 - If we get this H4 cycle inside the D1 range we can look for buys in the short term, as long as the bottom of the range is holding.

There is already divergence and price reacted from the 61.8% fibo retracement

D1 - Bearish Scenario

In case the range is broken down we can expect the price to move lower towards the 18-19 zone

If we get a confirmed breakout we can look for sells towards the next level.

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