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BAC

Just short it. Look at the weekly chart. Obvious short is obvious. We are entering a bear trend now. What we have now is a bear flag noise heading right into 20s and then 16s. All bull trends are broken on daily. Last one will provide some cushion, but with empty price nodes on volume, price decline will be rapid. Whatever is coming is going to hit banking and dollar STRONG! Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analysed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place! Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines! Thank you, Ajion
NYSE:BACShort
by Ajion
BAC Elliott Wave Analysis: Correction EndedHello Traders, Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5 waves structure. That completed the blue wave (5) lower at $25.91 low. Which then also completed black wave ((C)) & the cycle of red wave IV pullback. Above from there, the stock is expected to resume the upside in cycle red wave V ideally. Or should do a larger 3 wave bounce to correct the cycle from 3/12/2018 peak. Currently, the rally from $25.91 low is nesting higher and it ended blue wave (1) at 28.38 peak and the pullback is also proposed to be compelted at 27.51 in blue wave (2). As long as the stock remains above 27.51 low but more importantly above 25.91 invalidation level, it is expected to extend higher. We don’t like selling the stock.
NYSE:BAC
by Elliottwave-Forecast
BAC Elliott Wave View: Started The Next Leg LowerHello Traders, BAC short-term Elliott wave view suggests that a decline from 8/08/2018 high to $27.64 low ended blue wave (W). The internals of that decline unfolded in 3 swings with the distribution of 5-3-5 zigzag structure. Up from there, a bounce to $29.20 high ended the short-term correction against 8/08/2018 high in blue wave (X) as double three structure. Where red wave W ended in 3 swings at $28.58. Red wave X pullback ended at 28.16 low and red wave Y ended at $29.20 high. Down from there, blue wave (Y) remains in progress. Down from $29.20 high it ended red wave A at 26.12 and is currently correcting cycle from 10/17 peak in the sequences of 3-7 or 11 swings in red wave B before more downside should be seen. As long as it stays below 29.20 it should extend lower. We don’t like buying the stock and prefer more downside against $29.20 high
NYSE:BACShort
by Elliottwave-Forecast
BAC Elliott Wave View: Ready To Resume Higher?Hello Traders, BAC short-term Elliott wave view suggests that the rally to $31.49 low ended red wave X bounce. Down from there, the decline to $30.08 low ended red wave Y & also completed blue wave (2) pullback. The internals of red wave Y unfolded as double three structure where black wave ((w)) ended at $30.62 low as zigzag structure. Up from there, the bounce to $31.09 high ended black wave ((x)) bounce. Then finally, a decline to $30.08 low ended black wave ((y)) in 3 swings as Zigzag structure. Above from there, the stock is expected to resume the next leg higher in blue wave (3). However, a break above $31.91 August peak remains to be seen for final confirmation of next leg higher. Up from $30.08 low the initial rally higher to $31.37 high ended black wave ((i)) as impulse structure. Near-term focus remains towards $30.48-$30.35 100%-123.6% Fibonacci extension area of blue wave (a)-(b) to end the 3 wave correction in Minute wave ((ii)) against $30.08 low cycle. Afterwards, the stock is expected to resume the upside looking for more upside. We don’t like selling it.
NYSE:BAC
by Elliottwave-Forecast
JPM: Top of range reversal to $106The yield curve is flattening in hurry with the Turkey crisis and that is baaad for US banks. JPM is reversing off the top of a well established channel with MACD confirmation. Downside target of $106 gives a potential 7% return. Do note I am not advocating a straight line decline to the bottom of the range. Moves within channels are generally ABCD formations so trade accordingly. Other mega US banks like BAC and WFC are exhibiting roll-overs from lower highs with similar risk reward profiles so there are a few options out there.
NYSE:JPMShort
by WellTrainedMonkey
BAC Testing Resistance, Potential Reversal! BAC is testing its resistance at 31.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop to its support at 29.59 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is testing resistance at 97% where a corresponding reversal could occur. We have also identified a bearish divergence with price that contributes to our bearish bias.
NYSE:BACShort
by FXTM_ForexTime
1
BAC SHORTBAC (and the rest of the banking industry) has a rough few months ahead. The major institution has seen solid gains over the past year and is about to relinquish them all. The major indication this downtrend is about to pick up steam is seen as the 50 day moving average is ready to cross below the 200 day moving average, a major bearish sign known as the death cross. Price on the weekly candle has managed to close significantly below this intersection point, a sign that a significant decline could come sooner than later as there is very little support below the current price. Seen on the chart above, RSI is also headed south with no sign of retracement anytime soon. Money Flow is in a steep downtrend as well. I anticipate BAC seeing at least a 20% decline in the coming months. The last time BAC had a similar set up with the 50 day moving average crossing over the 200 day moving average, the stock fell 33% in 6 weeks. I have picked up November and December puts for BAC (and JPM because the chart and my prediction is basically the same).
NYSE:BACShort
by pstowe