A clear broadening formation after GFC. What I find most interesting rn is the bounce has formed a rising wedge... aka bounce is not nearly as strong as it should be.
WARNING;
BAC BLACKSWAN 2024 POTENTIAL
I think due to the name Bank of America, the size, and the sector, this would/could be a Silicon Valley Bank x Lehman Bros event if this formations support fails early 2024.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.