We've know about the sell signals since 2017. Banks had multiple chances to sell at the upper channel lines from long term trends of 45 years! Now we see the cracks emerging. If this wave count is correct, we might start wave 3 of 3 soon!
Long term head and shoulder on this stock. Overall people seem to be bullish on this stock for some reason. Trend looks like its going down to ~35 or so.
https://www.tradingview.com/x/Gv02Vs8o/NYSE:WFC
Fanning through some charts and saw this pretty nice H&S on WFC. Setting alerts on this one.
Happy trading!
take this pattern as the one i want to use for the activity i am more comfortable with this one than with the one i posted at the beginning we can expect a reversal of the trend if the price breaks below the neck line. good oportunity to open short positions.
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based ...
Wells Fargo created an HVF pattern starting from around the year 2009 leading up to about 2012. It broke out of the funnel, hitting both targets nicely.
It hit perfectly at the main target for its ATH (creating the head for the H&S pattern) then dropping right back down. It is seeming to come to a finish on the H&S pattern and if it breaks the neckline, we could ...
Solid fundamentals and healthy upward trend, which is expected to drive stock prices up to 30% higher.
After reaching top end of the channel a significant pullback may happen.
We are in panic sell in middle term
The price break uptrend channel and built bearish flag pattern
TD - Sequential: reveal 9 red candles so we may have small up correction
Ichimoku: the price drop below the cloud and break pattern >>> test the break out in Fibo 0.38
DMI 4c: We have strong downtrend when ADX over 20 and (DI+) - (Di-) < 0
The target for this ...
Possible Head and Shoulders pattern forming on WFC though too early to tell. The biggest test will be the trend line (black). If the stock breaks down expect a retest of the trendline before finally completing the H&S pattern. Based on how long the stock has adhered to the black trendline a break down would be a long-term bearish signal.
Note where the entry ...
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.
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NYSE:WFC
