BAC is approaching our first support at 17.97 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 25.46 (horizontal overlap resistance 50% fibonacci retracement, 61.8% fibonacci extension.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
If you're expecting a drop to $17.97 then that would imply the $22.20 area from 2017 would now be acting as resistance well before the $25.46 area you noted on your chart. A well known rule that I like to follow when trading is, "broken support becomes future resistance". Its in the first line of this article. investopedia.com/articles/trading/06/supportresistancereversal.asp . I think a more likely scenario is that the support from 2017 holds, and we see a reversal here. But only time will tell. Thanks for the idea.
Trade_Integrity
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I called the drop and posted my puts weeks ago on my Patreon. To buy the bounce wait for a stoch crossover or for a weekly bar to open and close within the lower Bollinger without dropping below. But beware an overall bearish market may keep any significant bounce from happening.