๐ธ๏ธTicker Symbol:  BAC ๐ธ๏ธTimeframe: 4H ๐ธ๏ธ3X Bear Pattern ๐ธ๏ธInvestment Strategy: Short
BAC ๐ธ๏ธTimeframe: 4H ๐ธ๏ธ3X Bear Pattern ๐ธ๏ธInvestment Strategy: Short
TECHNICAL ANALYSIS: BAC is currently in a 3X bear pattern. This means all three of our indicators are pointing in the same direction. We have our money momentum heading lower, a red dot meaning a key ema crossover and also our middle band has now shifted over from green to red representing bearish marker momentum. If we can continue in this 3x bear pattern, I do believe we can see a test of approximately $34.90 which would be our middle line on the regression tend indicator.
BAC is currently in a 3X bear pattern. This means all three of our indicators are pointing in the same direction. We have our money momentum heading lower, a red dot meaning a key ema crossover and also our middle band has now shifted over from green to red representing bearish marker momentum. If we can continue in this 3x bear pattern, I do believe we can see a test of approximately $34.90 which would be our middle line on the regression tend indicator.
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โ ๏ธ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS:
๐ Follow for daily stock, crypto and forex technical analysis.
โ ๏ธ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
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