Growth is possible.

On the daily chart, a downward correction ended as the second wave of the higher level 2, within which the wave (C) of 2 formed, and the third wave 3 started. Now, the third wave of the lower level 3 of (1) of 3 is developing, within which the wave v of 3 of (1) is forming. If the assumption is correct, the asset will grow to the levels of 40.00–41.00. In this scenario, critical stop loss level is 36.00.

Shares of Bank of America Corp., one of the largest banks and analytical agencies in the United States, are trading within the corrective trend at 38.00.