moleman340

(BAC) 3H - Bull Bat Type1 Entry

Long
NYSE:BAC   Bank of America
I went long @ 28.45 yesterday. This pattern should be treated as a reaction; the Natural harmonic Reaction to the .236 retracement is the most likely outcome and is in fact a high probability trade. This patterns structure suggests that a move to 2.54-2.91 is certainly possible. I contend that that will not occur until the pattern at very least yields a NHR. Despite this possibility, I have my eyes on a larger move that perhaps will be a part of an emerging Harmonic Range. I am hopeful yet wary. The key will be the action at .236 retracement level. If price rejects there either a deep retrace to retest the lower median line or a divergent move to the 1.13 extension is likely to occur.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.