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Steversteves
Jan 7, 2024 3:39 AM

WFC Week of Jan 8 

Wells Fargo & CompanyNYSE

Description

Another request.

This one looks pretty bullish, HA candles and setup signal a continuation to the upside.

Look for a hold of the bullish condition and a move to the high targets on this one here.
Banking sector is pretty strong right now.

Be weary though, if next week turns out to be bearish in the banking area, we have a confirmed bearish reversal / top on HA:



We have formulated the ascending wicks. Next week, closing below the ascending wicks will signal a confirmed top (well as confirmed as Technical analysis can be haha). It will need to push a bit higher than these wicks to invalidate the topping setup.

But in terms of short term patterns, there should be some, at least short term, continuation to the upside.
Comments
lonehorse
Steve, many THANKS!
lonehorse
my first simple analysis on WFC:
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