BAC Approaching Resistance, Potential Reversal!
BAC is approaching its resistance at 26.36 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 22.87 (horizontal swing low support).
Ichimoku cloud is also showing signs of downward pressure which contributes to our bearish bias.
Ichimoku cloud is also showing signs of downward pressure which contributes to our bearish bias.
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