Bank of America Wave Analysis – 18 June 2026

Bank of America: ⬇️ Sell

– Bank of America reversed from resistance zone

– Likely to fall to support level 55.00

Bank of America recently reversed down from the resistance zone between the strong multi-month resistance level 57.00 (which has been reversing the price from January) and the upper daily Bollinger Band.

The downward reversal from this resistance zone stopped the earlier minor impulse wave 3 which belongs to the sharp impulse wave (3) from 2025.

Given the strength of the resistance level 57.00 and the overbought daily Stochastic, Bank of America can be expected to fall to the next support level 55.00 (former top of the impulse wave i from the start of April).