Bank of America Wave Analysis – 5 August, 2022

• Bank of America broke key resistance level 34.00

• Likely to rise to resistance level 36.00

Bank of America recently broke the key resistance level 34.00 (which has been continually reversing the price from the middle of July).

The breakout of the resistance level 34.00 continues the active C-wave of the ABC correction (B).

Bank of America can be expected to rise toward the next resistance level 36.00 (target price for the completion of the active impulse wave (c)).