Elliottician
Short

Big Downmove in BANK OF AMERICA?

NYSE:BAC   BANK AMER CORP
38 0 0
The wave 2 correction formed where the C wave was 1.318 times wave A. That is a classic corrective fibonacci extension ratio. So The confidence that we may have been in a correction till wave 2 is agreeable. Since then we have seen a 3 wave move to the downside suggesting that it is an A wave formation. We can see prices go up in a very fast way (Since wave (i) was slow) and a move down can be expected from the resistance levels.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out