Bank of America has shown many confluences of going bearish. I have identified 3 key confluences. First a bearish fair value gap has been created and price has tapped into it. secondly there is a bullish imbalance that price will draw towards to fill. Then when this happens price will most likely continue to go bearish, and sweep sell side liquidity.
Welcome to the TradingView community. Good work on your first analysis. Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/
Welcome to the TradingView community. Good work on your first analysis.
Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/
regards,
Vanathi