Huge reistance around 42$ as we come up here to backtest the bear flag breakdown. Based off this pattern if we confirm the reistance retest. Kiss of death … target off this bear flag is 23$. If we just measure the width of the bearish uptrending channel as a breakdown then the target is 32$ c either way this will take some time to play out so if we short 42 and go...
Closing out NYSE:WFC short position from 41.33 and looking to go long from 39 range
After the last price target was reached: Now looking at the WFC Wells Fargo & Company options chain ahead of earnings , i would buy the $42.5 strike price Calls with 2023-7-21 expiration date for about $$1.02 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
ADDTIONAL INFO: Big Picture appears to be a downtrend. Here are a few opportunities to capture the short If you don't have access to leverage to short, then I'd just wait for the opportunity to Buy @ 6.85 — which will, unfortunately, take a few years. But you should be ready by then...LOL. SLO @ 46.25 SSO @ 37.70 TP1 @ 33.50 TP2 @ 25.80 TP3 @ 8.00 BLO @ 6.85
WFC continues its way down. The fact that it looks for financing speaks about some brewing troubles there. I look to short it, the RR ratio is not great (1/1) but if I am correct, then the price could go further below my initial target. These are my notes. Adjust size according to the risk taken.
Wells Fargo & Company (symbol ‘WFC’) share price has been making losses since early March after the fear of a new banking crisis spread throughout the markets after the failures of SVB, Silvergate and Signature. The company’s earnings report for the fiscal quarter is set to be released on Thursday 13th of April. The consensus EPS for the quarter is $1,18 compared...
Wave C within a huge running flat, already completed Wave 1-3. There is one more push to the downside to go. Fibonacci gives some ideas for goals. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where...
Wells Fargo..... It's time to go up on the daily... Supply & Demand Get ready for Tomorrow.. Let me now how it will goes tomorrow??
18% to be made on daily timeframe if the support holds today 1. RSI DIVERGENCE Daily timeframe 2. Strong support Area 3. 3 to 1 ratio buy opportunity Entry , SL and TP are shown on the chart. Good luck P * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
Set my boxes ran my waves watch that trap or you'll get snapped
Bear Flag broke down and retested already, NIM (Net interest margin) is getting squeezed as rates go up and sentiment towards banks is weak.
Posting my idea on Wells Fargo . WFC fell out of the it's channel during the recent price volatility hitting bank stocks. Guessing this recovery stalls out over the next few days before it continues down. I would not be surprised if we see near-$30 WFC. A few price areas i think we see interesting price action in lime green lines. Note : Zones drawn in the...
What we are seeing with these banks are the side effects of massive monetary expansion. This is the result of the Covid money printing fest. We will soon enter the withdrawal phase ... Right now the banks are deep into the headaches. ✔️ Wells Fargo looks pretty bad. While last week you could say everything was fine based on the chart signals, this week...
Immenent collapse of most of the banking sector to consolidate power further. Wells Fargo lining up terribly as it continues to face rejection and now breaking out of its consolidation structure and rejecting out of it as resistance. This is why Bitcoin makes even more sense now more thn ever. I will be adding up BTC aggressively as much as possible as well as...