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themarketzone
6 Th12 2015 12:48

Consolidation inside the PRZ - Butterfly completion near X  Giá xuống

Bank of America CorporationNYSE

Mô tả

BAC Bearish Bat pattern is still valid as the price consolidates inside the PRZ, below two broken uptrend lines.
As the markets await Yellen and the Fed, Financials are stuck and that clearly being reflected in BAC's chart.

If the price will attempt to rally and test the X zone (18.5$) it will complete a small Butterfly pattern that will add chances that we will see bearish reversal in BAC and a move towards 16.5$-17$

R/R shown in the chart (for two scenarios)

Tomer, The MarketZone
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Trade reached Target Level.
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