WFCD trade ideas
WFC10.3.20 A look at Wells Fargo. Thanks PlanTradePlanMM for your chart. Correction: the 1.272 extensions would be reversal levels to go long...and I misstated it at one point...sorry about that. It is tough trading to trade contracted markets. The previous video was about expanding markets: much better R:R if you have an awareness of the market dynamics. Also: think as a buyer AND a seller be for taking the trade: you may talk yourself into the better trade.
WFC Long, sideways bottomIdentify Price action:
1. Sideways; Find: Support and Resistance
2. Sudden Reversal; Find demand and supply Zone.
Entry 24
Stop 22
Target 26; reward:risk=1:1
Target 30; reward:risk=3:1
Target 33; reward:risk=4:1
Current price is at bottom of sideway range.
Estimate: not going down below demand.
Strategy: Sell Put
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
WFC (WELLS FARGO & COMPANY) LONG SET UPTITLE/(DATE)- WFC Wells Fargo (9/23)
ASSET- STOCK
ORDER TYPE- market first/BUY LIMIT
Time Frame-1Week
ENTRY PRICE 1- $23.40 market ✅
ENTRY 2- $20.40 (pending)
STOP LOSS- $18.40 (50 PIPS)
TAKE PROFIT 1-$28.40 (50 PIPS)
TAKE PROFIT 2- $33.40 (100 PIPS)
TAKE PROFIT 3- $38.40 (150 PIPS)
STATUS: 🏃🏽♂️ACTIVE 🏃🏽♂️
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.
DAILY ANALYSIS OF WELLS FARGO & COMPANYHi friends
the daily chart of this market shows that it will experience a downward trend in the coming days with a very high probability but also it is better to be vigilant of the change of the direction of this market towards the opposite direction
please subscribe to receive new analyzes
WFC to Long, Demand Zone WFC to Long, Demand Zone
Existing Condition:
1. Monthly Demand Zone
2. Daily Demand Zone
3. Trendline Break
Entry below 24.2
Stop : 23
Target1: 29; risk/reward=1:4
Target2: 32, risk/reward=1:6
I am not a PRO trader. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Options Idea: Sell The Sep 18 2020 WFC 22.5-20 Put Spread @ 0.34WFC is in a long-term downtrend, but wants to reverse course. There is a resistance around the $24 area that has held except in mid May when WFC made its 52-week low at $22 and then bounced quickly back the next day to close at $24. I'm going to sell a Bullish Put Spread at the 22.50-20.00 strikes. Since we are in a downtrend I'm going to play it safe and I'm not going to sell naked just in case WFC wants to make a new 52-week low during the next two months. This is a negative probability trade (expected loss > expected win), so it may not be for everyone.
20-WFC-01
Opening Date: July 29, 2020
Expiration Date: September 18, 2020
DTE: 51
IV: 44.94%
IV Percentile: 59%
Odds of Winning: 73.74%
Odds of Max Loss: 12.38%
Win: > 22.16 @ Expiration
Loss: < 22.16 @ Expiration
Reg-T Margin: $250
Chart Legend
Green Area: 100% Win Zone. If we finish above or in the green area, we keep 100% of our initial credit. The size of the green area is the size of credit (our maximum win).
Yellow Area: Danger Zone: We still win, but we have to give back some of the initial credit taken in.
Red Area: If we finish in this area we have a loss. The size of the red area is the size of our maximum loss.
1 standard deviation, 2 standard deviation, 3 standard deviation projections from Opening Date to Expiration Date are included.
WELLS FARGO ( For Invest ) Long termWells Fargo is a company that for the long term will have some good moves. You just have to wait patiently. Always be on the lookout before buying the possible S&P500 Crash.
We must also take into account several fundamentals with this type of company. When they bring out a digital currency, we must see its evolution and what relationship these companies will have with them. If they are going to be involved? they will have good results, but if they are excluded from participating in the Crypto Coin? They will be very high risk companies.
I hope you can make a profit
