Proffesseas

$BAC Megaphone pt2?

Short
Proffesseas Updated   
NYSE:BAC   Bank of America
I have an older BAC idea from a few weeks ago that shows a LARGE megaphone pattern that started after the 08 Crash being tested. It held and bounced but formed what seems to be another NICE smaller weekly megaphone pattern that we are testing and in the morning rejecting at the upper band. AMAZING DOWNSIDE JUICE in these patterns imo.

I will be looking for a BADDDDD DAY in the markets over the next 2 weeks before i bite on any 25P for mid APRIL....

Stay Tuned

-Proffesseas

Comment:
Today is the BADDDDDD DAY within 2 weeks, buying puts at open 25P for March OPEX...

This call got no respect lmao
Comment:
Double down for the low? You already know!

Juice is well worth the squeeze here heading into JOLTS, OPEX, and more...

947am

- Prof
Comment:
If price holds up tomorrow idea is VOID
Comment:
Blow off top? Paytience ? Waiting to get back into megaphone "sell high" puts back on table in that scenario, more time, obv...
Comment:
:p get ready "mid april" spooky
Comment:
-4% next day lmao, I think we're in for some serious HIT storm , if Big Banks are looking like this from rates, wait till they go higher....
Comment:
its late, wouldn't be Surprised to see lower price by EOW. Leaving us with
"3 Black Crows" with the weekly candles, making it more real imo.

Three black crows is a bearish candlestick pattern used to predict the reversal of a current uptrend.
Traders use it alongside other technical indicators such as the relative strength index (RSI).
The size of the three black crows candles and the shadow can be used to judge whether the reversal is at risk of a retracement.
The opposite pattern of three black crows is three white soldiers, which indicates a reversal of a downtrend.

www.investopedia.com...hree_black_crows.asp

- Prof

PS: "Bank of America crashes" what other bank could provide such a powerful headline? What's Elon say about the most entertaining outcome... ;)
Comment:
This looks like a Buy here... Broke back into pattern and got GOBBLED up by buyers into breakout (OPEX games)...
Not sure if it has anything to do with their Virtual Assistant Erica, but should help cut employment costs for company. Maybe they are "too big to fail" ;) ...
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