Elliottician
Long

Big move ahead in BANK OF AMERICA?

NYSE:BAC   BANK OF AMERICA CORP
269 0 3
Since wave 3 was sharp and deep, we can take into consideration that the fifth wave has failed(truncated wave). From there, we have five waves to the upside and three waves downside in a zigzag formation. Prices have reacted to the 61.8 percent fibonacci levels from the 5th wave. We can see prices go till 17.40 if the trend resumes on the upside. The targets will be reached by the end of March.

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