Triangle formed here with the blue neck line continuing to offer resistance.
We know that with $F and $COST, their triangles broke to the upside but they did not have a strong resistance level cutting through their triangle.
Nevertheless, a break to the upside and this will flip bullish for me.
A break down and we may finally see our Wave C completing. It is still interesting to see how bullish the market has been but $BAC has not enjoyed this enthusiasm.
Daniel SI
2023-07-09 14:44:32 +0000 UTC