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TendiesM
Apr 4, 2024 10:29 PM

WFC Bearish Expanding Triangle Short

NYSE:WFC1D
Wells Fargo & CompanyNYSE

Description

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Daily chart is forming an expanding triangle, i consider it bearish as it broke 5-12 EMA clouds on daily.
Putting Fib to the chart high from previous support to see levels. We can soon test the EMA 50 level at 54.20 and 38.2% levels at 54$
Trend AnalysisFibonacciTriangle
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