WFC reversal.
Gapped up with the rest of the banks on earnings but had some stiff resistance on weekly 50/200 EMA.
Selling pressure was significant along with daily candle structure.
4hour RSI you will see Bearish divergence .
Short entry - Below Yellow trendline or 43$.
First target -42$ gap close or blue line.
Second target - White tredlndline or 40$
Selling pressure was significant along with daily candle structure.
4hour RSI you will see Bearish divergence .
Short entry - Below Yellow trendline or 43$.
First target -42$ gap close or blue line.
Second target - White tredlndline or 40$
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