TrendsiTrades

🏆$BAC: BEAR SIGNS OF A PUSH LOWER!

Kort
NYSE:BAC   Bank of America
đŸ”žïžTicker Symbol: BAC đŸ”žïžTimeframe: 4 Hour đŸ”žïžBear Pattern đŸ”žïžInvestment Strategy: Short

TECHNICAL ANALYSIS: $BAC on the 4H timeframe is trading in a neutral regression trend. When we are trading sideways, I like to look at the bottom dashboard to get a better feel for potential market direction. The white line which represents "money momentum" we can tell is in the top red "selling section" while our candles are also testing the top red deviation level on the regression trend indicator. Historically in the past this has acted as a potential sign we could see a push lower on $BAC giving me an investment strategy of SHORT. Have a great day trading!


4X 🟱 Bull Pattern Confirmation Requirements

✅ Linear Regression Indicator Increasing
✅ Money Momentum Shifting Higher
✅ Green Dot: Key EMA Crossover to Upside
✅ Green Middle Band: Bull Market Momentum

4X 🔮 Bear Pattern Confirmation Requirements

đŸ”» Linear Regression Indicator Declining
đŸ”» Money Momentum Shifting Lower
đŸ”» Red Dot: Key EMA Crossover to the Downside
đŸ”» Red Middle Band: Bear Market Momentum

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