WFC trade ideas
WFC and US10Y WFC is strongly correlated with US treasury yilelds. Higher the yilelds Us banks will make more revenue
WFC potential H & SH&S ish shape showing. Volume has been increasing on the moves down. I don't think it's done going lower yet. MACD and other indicators are pretty weak too.
Cup and Handle Bullish Pattern WFC at Mar 18, 20211. Cup and handle bullish pattern
2. Large volume v.s. 3 days
3. Above all MA lines
4. new 52-week high of $41.40
5. Bond yields rise Thursday.
6. As rates increase, in general, banks can earn bigger profits made on loans to consumers.
Updated Target for WFC
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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WFC INVESTMENT D1 (Cumulative chaos)The price is now in a strong area with a slowdown in price, selling will be the most prevalent, but if it breaks through the stressed area towards the top, buying will be the decision. NYSE:WFC
Buying WFC 19 MAR 21 42 CALLI'd like to see price hold this current support level on the 4H.
If price moves and closes lower than $35.80, then I will be closing these contracts for a loss.
Why did I choose $42 as a profit target? Because if you zoom out on the 4H chart, you will see a price level that was created between 28 FEB and 5 MAR 2020. I believe price could reach the peak of that price level by expiration.
Cup and Handle the easy money maker..!Potential gain:+35%
Reward/Risk:+3
Timeframe: 4-24 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
*call options could also be rewarding!
WFC - Long Setup I purchased this today. Looks good. I bought for $39.56 , stop 37.93, target 47.87.
WFC positive outlook1D chart hit resistance again yesterday. There is an ascending triangle forming on the 1D chart.
On the hourly chart, there seems to be a cup and handle forming, the handle has yet to form but the cup has.
RSI Is Approaching the top, similar to stochastic while MACD just crossed.
Awaiting for a solid cross over the 38.7/39 resistance and the next level to watch out for is 40
The Financial sector is hot I hope this stock goes well
Not Financial advice
WFC POST COVIDLong term analysis moving forward we have a big level here at the 120EMA being tested today. If this financial market boom continues, we should expect WFC to get back to PRE COVID levels around $ 45.00
Watch this chart closely for a break above this EMA - Anything below this EMA has always been a dip buy! You can see it took a long time during COVID for this to be dip bought back to the 120EMA on the weekly!
$WFC - Bearish Signal (Weekly Puts) Same idea as last week, weekly puts. I would choose NYSE:WFC weekly 35.5 P @ 0.17
WFC potential short soon Look weekly stoch trying to roll
going keep a eye on it like to see rally
stop at 38
WFC ELLIOT WAVE ANALYSISRotations to cyclicals, from tech and covid stocks. Cup and handle breakout, low RSI.
Possible entry point around 4th waves, below the median of the pitchfork, in the blue area.
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THIS IS NOT A FINANCIAL ADVICE
Wells Fargo may be up till 47$Banks are strong the last month and a capital shift is from tech stocks to bank stocks.
Wells Fargo seems to have good strength for an upward trend.
WFCLooking for WFC to continue trending up with the financial sector. Seems a larger rotation out of tech is occurring.
Looking for the smaller Elliot wave 3 (purple) to continue up or for wave 4 to start. RSI is a bit hot so may seem some sideways trading/the start of the smaller wave 4 to begin here soon.
Looking to catch wave 3 on the way up or enter on wave 4 just waiting for the chart to decide these next few days.
Overall trend should start to firm up once the larger wave 3 is finished.
Something to Watchno confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
IRON TARIHi guys!
New Iron Condor, check my last trades, and get my script for free!
But I went in trading a strangle, RR is better, because I get out from the losing leg for a lower loss
Enjoy your wallet!
Tari.
