Looks like we're forming a rising wedge on this chart, with a possible 5th wave in the process.
There's 3 options I see to short depending on risk tolerance.
1. if 5th wave if truncated, Short on rejection
2. IF 5th waves at major resistance Short.
3. Short on completion of Wedge + break of wedge support.
BAC hasn't enjoyed the same V shaped rallies other stocks have. Bullish sentiment is expected to be relatively low given an expectancy in rising debt defaults, related obviously to the rising unemployment rates (now at 26mil+) and businesses that aren't able to generate incomes to cover their liabilities, creating something of a domino effect across the board.
There's 3 options I see to short depending on risk tolerance.
1. if 5th wave if truncated, Short on rejection
2. IF 5th waves at major resistance Short.
3. Short on completion of Wedge + break of wedge support.
BAC hasn't enjoyed the same V shaped rallies other stocks have. Bullish sentiment is expected to be relatively low given an expectancy in rising debt defaults, related obviously to the rising unemployment rates (now at 26mil+) and businesses that aren't able to generate incomes to cover their liabilities, creating something of a domino effect across the board.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。