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WELLS FARGO & COMPANYWW

WELLS FARGO & COMPANY

1,434.88MXND
0.000.00%
At close at Apr 1, 21:02 GMT
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WFC trade ideas

Classic head & shoulders complete with bearish candlesDisclaimer: I hate Wells Fargo. A large head & shoulders pattern completed during q3/4 2018. Every major institution and index was forming double tops and reversal patterns. The real question is, is this more than a correction? Perhaps. I think as all stocks and indexes have hit all-time highs, a correction is only natural. The hard part to gauge is whether we are seeing signs of a recession or not. The plunge in stock price is worrisome for the stock market and economy as a whole. Perhaps in the short term, the market will correct upwards. In the longer term I'm not a financial wizard, but it doesn't look good at all. Trump has been the catalyst for the bullish markets, and now that his boat looks like it's about to sink we might see something cray happen. Some news about Wells Fargo: www.usatoday.com www.marketwatch.com
NShort
by yourkardashian
Wells Fargo 7 RRR shortTrading 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 Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
NShort
by fiboracle
Well Fargo to drop to $38?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 potentially see targets to about $38 or more (about 28% profit from the neckline). Lets see how this plays out over time. Keep in mind this might take some time to hit its targets considering that this is a weekly graph
NShort
by KennySniper
WELLS FARGO & COMPANY (WFC) - NASDAQ - Drop - xuanhaimmoerWe 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 stock after up correction in the chart and all you can follow this. Thank for reading and hope you like this analysis
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by xuanhaimmoer