nmike

WFC monthly CLONE analysis

Long
NYSE:WFC   Wells Fargo & Company
11
Current candle stick price action is bullish. Fisher is in the high end range but still rising with no divergence.If WFC can break reference channel 1 to the upside, the near term price target is top of CLONE 2A. If we get bearish candle stick action in the current CLONE confluence area WFC could correct down to bottom of reference channel 1. If WFC breaks CLONE confluence to the upside the longer term target is top of 1A CLONE and or top of 2B. You can use your favorite indicator(s) or method to further validate CLONE action.

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