Bank of America is ready for upswing

Continuing upward movement, Bank of America came to the significant level of 18. All the cycle from 6 unfolded under the Elliott wave principle. Impulse -wave 1, simple wave 2, protracted wave 3 and wave 4 creates a triangular corrective pattern. Wave five is the final leg in the direction of the dominant trend and it should be powerful. If we take length of wave 1 as a reference point, wave 5 will push the chart above the level of 18. Then the way to 29$ and 35$ opens under Fibonacci coefficients, and then the level of 55$ follows. OBV shows that money volumes are up. Sharp increase of trading volume on the last day of the correction is a clear signal to continue to long.