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HotForex

BBVA Approaching Support, Potential Bounce!

Long
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BME:BBVA)  
HotForex  
BME:BBVA   BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Trend Analysis Harmonic Patterns Chart Patterns
38
0
trendanalysis harmonicpatterns chartpattern
BBVA is approaching its support at 4.551 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 4.832 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
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