BAC uptrend forming, but i think a correction is due here

Jul 25, 2016

I marked the range at which it may trade with blue trend lines and i set up my short idea as well. Nice risk vs reward ratio. NOTE The market is not open as the time of writing so i will wait to see what happens when the market opens, before making a decision.

Jul 25, 2016

Note

Maybe the stop is too greedy, i think i will move it up a little. But im still waiting for market to open and settle before making a final decision.

Jul 26, 2016

Note

I have decided not to do the trade. The volume on the lat dip is too significant, and it could take us to a new local high. ie $15.50