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themarketzone

Testing important weekly structure zone

Bank of America (NYSE:BAC)  
themarketzone Updated   
NYSE:BAC   Bank of America
Harmonic Patterns Fibonacci structure
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harmonicpatterns fibonacci structure
Since latest bearish setup (bearish harmonic confluence), $BAC crashed down below Triangle bottom, trading range bottom and the 200 Weeks MA.
Now it is testing important weekly structure that may halt its free fall.
Below, we have 10$ as nearest support and weekly 61.8 Fib level.
Above, 13-14$, Final target zone for this setup

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Comment:
Nice bounce from support.
Perhaps double bottom before continuation.. For now looking good

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