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TECH Buy 23.02.2021 07:53

Bank of America Corp.: wave analysis

The price may grow.

On the daily chart, a correction of the higher level developed as the second wave (2), and the wave (3) forms. Now, the first wave of the lower level 1 of (3) has formed, a local correction has developed as the wave 2 of (3), and the formation of the wave 3 of (3) has started, within which the wave i of 3 is developing. If the assumption is correct, the price will grow to the levels of 39.00–42.00. In this scenario, critical stop loss level is 29.57.