Bank of America Corp. shares are trading in a corrective trend around 46.00.

The price is in a correction and a fall is possible.

On the daily chart, the third wave of the highest level 3 develops, within which the first entry wave of the lowest level (1) of 3 and the correctional second wave (2) of 3 formed, and the wave (3) of 3 develops. Now, the first entry wave of the lowest level 1 of (3) has formed, and the correctional second wave 2 of (3) and the wave c of 2 are developing. If the assumption is correct, the price of the asset will fall to the area of 43.10–41.30. In this scenario, the critical stop loss level is 49.00.