Hey people, WELLS FARGO & COMPANY is in a bullish momentum with the largest executed buy volume of the session and a hammer candle. Looking at the TIMEFRAME M1 we see an attempt on the part of the aborted buyers with an abnormal purchase volume issued. It's heading towards its last precedent lower to make its reversal great propability to breakout the price at the same time testing the VWAP. And the broken afterwards then it will start on the top of the breakout stabilization zone to join a new zone. We go just after the first high on the H1 with an excess on the H4 after breakout of the second stabilization zone and get to the top of the bullish channel.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.