Testing important weekly structure zone
Since latest bearish setup (bearish harmonic confluence), $BAC crashed down below Triangle bottom, trading range bottom and the 200 Weeks MA.
Now it is testing important weekly structure that may halt its free fall.
Below, we have 10$ as nearest support and weekly 61.8 Fib level.
Above, 13-14$, Final target zone for this setup
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Now it is testing important weekly structure that may halt its free fall.
Below, we have 10$ as nearest support and weekly 61.8 Fib level.
Above, 13-14$, Final target zone for this setup
Follow me on TradingView
Visit my blog - goo.gl/78KZsl
Subscribe to the newsletters - goo.gl/psNTqg
Perhaps double bottom before continuation.. For now looking good