The shares of Bank of America Corp., one of the largest banks and analytical agencies in the US, are trading within a correction trend at 56.00.

The probability of growth remains.

On the daily timeframe, the third wave of the higher-degree wave structure (3) of 3 is currently unfolding: wave 1 of (3) and its subsequent correction have already completed, forming wave 2 of (3), and the market is now developing wave 3 of (3). On the four-hour timeframe, the formation of the first entry impulse wave of the lower-degree structure i of 3 is being observed, within which the local correction as wave (iv) of i has already been completed, while wave (v) of i is currently unfolding. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 57.60–65.00 zone, with a critical stop-loss level at 50.60.