BAC - Daily Trading Forecast
The Ichimoku cloud was almost broken by the daily price to below for the good daily bearish reversal, and the Chinkou Span line of Ichimoku indicator is showing the daily breakdown to be started. If the price breaks the support level at 49.2 to below on the daily close bar so the daily price will come to the bearish area of the chart with the bearish reversal for example. If the price crosses the resistance level at 54.2 to above for the possible target to re-enter as 55.4 resistance so the primary bullish trend will be resumed. Alternatively, the price will be on ranging within s/r levels waiting for direction. Trading Summary : possible bearish reversal
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