Bank of America Elliott Wave bullish sequence strongly supports upside outlook [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

Bank of America (BAC) has advanced to a new all‑time high, surpassing the January 5, 2026 peak at $57.55. This decisive breakout confirms the strength of the ongoing trend and highlights an incomplete bullish sequence from the April 2025 and March 2026 lows. The broader structure continues to favor the bullish view, reinforcing expectations for further upside momentum.

From the May 15, 2026 low, the rally is unfolding as a five‑wave impulse. Wave ((i)) concluded at $52.50, followed by a corrective pullback in wave ((ii)) that ended at $50.60. The advance in wave ((iii)) carried the stock to $57.98, as reflected in the intraday chart. Subsequently, wave ((iv)) unfolded as a zigzag correction and is proposed complete at $56.03. With that correction finished, the stock has resumed its upward trajectory.

As long as the pivot at $50.60 remains intact, dips should continue to find support in either three or seven swings. This behavior suggests that corrective moves will likely attract buyers and sustain the upward bias. The short‑term target can be projected using the 100%–161.8% Fibonacci extension from the March 19, 2026 low. That calculation produces a potential zone between $58.57 and $64.31. The alignment of the Elliott Wave structure with Fibonacci levels strengthens the bullish case and points to continued demand for Bank of America shares.

Bank of America 45-minute Elliott Wave chart

Bank of America Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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