WellFargo Buy Opportunity At The Bottom Of The Range

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WellFargo Buy Opportunity At The Bottom Of The Range

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Hi Traders! We have WellFargo buy opportunity forming at the moment.

WellFargo Daily Chart:

On the Daily chart the price has created a range with the highs reaching the same resistance zone and lows reaching same support zone. There are two false breaks which confirms this range is a valid one. Currently the price is above the bottom of the range. Ideally we want to see another push down towards the very bottom of the range creating and completing divergence.

WellFargo Buy Opportunity At The Bottom Of The RangeOnce this part is completed, we want to see higher high and/or trend line breakout to the upside to go ahead and buy.

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WellFargo H4 Chart:

WellFargo Buy Opportunity At The Bottom Of The RangeInvalidation – If price pushes higher towards the top skip the setup. If price breaks below the bottom and confirms the breakout, skip the setup.

 

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WellFargo Buy Opportunity At The Bottom Of The Range
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Yours,

Vladimir

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