TradingView
vf_investment
Mar 20, 2023 11:59 PM

WFC short - bearish retest Short

Wells Fargo & CompanyNYSE

Description

WFC looks bearish.
The rising wedge broke down and it's likely to see more downside on WFC.

Enter short position at the bearish retest.
Targets are shown on the chart.

Invalidation of the thesis would be if the price comes back and closes successfully above the upsloping resistance .

Comment

Bearish retest completed. Expecting more downside soon
Comments
linofx1
Good trading setup
darlene20
So glad i found you tonight. Thanks for all you are doing and for sharing your knowledge. God Bless🙏
vf_investment
@darlene20, you are welcome. happy trading!
TheKitchenTrader
@vf_investment, What is projection time for first price target $30? In May?
RLinda
Interesting explanation, I support you and agree with your idea)
arich1282
genius - just looked at wfc, plotted the same thing and popped over to the ideas to see if anyone felt the same
vf_investment
@arich1282, thanks mate
KABHI_FOREX_TRADING
Amazing setup
SpartaBTC
The pullback, I think the drop in price will continue and significant. Downward flag will work its target zones.
More