The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.
Gradual reversal from bearish to bullish.
Indecision. Widening then narrowing range.
Traders are watching Wells Fargo (WFC) as price action tightens. Price has moved to $81.7 (-5.7%) amidst recent volatility. The primary technical feature is a Diamond formation. The trend indicator is reading 10.3/100, suggesting moderate momentum. A potential breakout level is identified at $74.03, targeting $61.36 with support near $80.36 (R:R 2.0).
What is your outlook on WFC?