Green lines - rising wedge pattern
Yellow lines - Recent bearchannel /Possible flag
White line - Resistance turned Support area
Bearish Rising wedge is obvious here. There's room for one more trip up should BAC breakout of that bearchannel with a possible bullish target of 50$.
Should BAC lose the wedge support and drop below 43.40 we could possible drop down to 32-35$ which would represent a 25% correction.
If it loses support this week or rallies up ome more time , BAC is heading for a correction into the Spring 2022
Yellow lines - Recent bearchannel /Possible flag
White line - Resistance turned Support area
Bearish Rising wedge is obvious here. There's room for one more trip up should BAC breakout of that bearchannel with a possible bullish target of 50$.
Should BAC lose the wedge support and drop below 43.40 we could possible drop down to 32-35$ which would represent a 25% correction.
If it loses support this week or rallies up ome more time , BAC is heading for a correction into the Spring 2022
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