BAC weekly chart possible bull trap formationAlong with other bearish signals on large banks, BAC has a really strong looking bear setup. If the bulls can take these levels, then this will heavily tilt the bias to the other side - but if the bears take these levels, you're probably also going to be seeing some headlines in your favourite media outlets. Something dramatic may be approaching.
BAC trade ideas
2022 will not be a good year for Bank of AmericaI know nothing about this bank, I have never traded this stock, and I have never used their products. The recent outages this weekend that made headlines made me curious enough to look at the graph.
That being said...
MACD is not only declining, but it's also back to where it was before the IT bubble popped in the late 90's. It has simply gained way too much in too short of a time frame.
I suspect it's going to print a head and shoulders pattern. And if it does, I see a much larger breakdown in the following years and return to 2015 levels again.
BAC struggling at 1997 resistance I have 2 things outlined in this chart.
1. Horizontal resistance (Purple line) dating back to 1997 at 44.22
2. 3yr long Bearish rising wedge (Yellow line)
Currently BAC is knocking at the door of both resistance. A rejection Here and a fall out outside the wedge could send BAC back to 33$
Bank of America Bearish. BACPost Ascending triangle, and B wave of Zigzag. Quite a clear picture here and plenty of time to complete the zigzag. It's correcting now post most recent overbought state as well.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BAC Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
BANK OF AMERICA Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
Possible Inverse Head and Shoulders setup on $BACoriginal pt was 42 but looks like we could bounce in a falling wedge pattern and breakout of resistance in an inverse head and shoulders pattern, I think if you aren't already in it is worth putting an alert on for the break out as well as the potential bounce here
Trade Review: How I Traded $BIDU + SET UPS RECAP!! & How I am coIn this video I will reviewing trades I took on August 26, 2021 going full in depth explaining how I traded $BIDU for a nice 20% Day trade with the full breakdown Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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Cup and HandleAscending Triangle also noted.
Small gap under price with resistance overhead from the top of the cup and from the top trendline of the ascending triangle. Support and resistance levels were made to be broken.
Getting a good long entry level can be important to your psyche. Price may go a bit below mine sometimes and I wish I had waited a little longer. I try not to be a lost ball in the tall grass, as I realize panic can be my own worst enemy. Having a trading plan helps and a simple plan can be just a level to enter a trade, a level to exit a trade (be it a mental or entered stop loss or price hits the target), and a reason to enter the trade.
No recommendation.
The market is not your friend, but it is not your enemy either. I went with this one a while back, and I realize it could pull back, but for some reason it feels safer than many and is the reason I entered it.
EPS 3.15 PE 12.97 Yield 2.05%