Wells Fargo 210+ day Cup with a Bull Flag for a Handle

25. Sept. 2021

WFC has been building a Cup and Handle on the Daily since approximately Feb 20th of this year. This cup also happens to have a bullish flag within the handle. Price has already broken out of the flag around 47.50, and subsequently broke through significant resistance around 47.80. WFC ended the day Friday 9/24 retesting this level as new support, and it is setting us up for a long entry toward the previous ATH just above $66.00 if we get a bounce on Monday 9/27. The breakout of TNX last week also signals bullish context for financials if it confirms a new trend to the upside. WFC is not a fast mover so expect it to take several months to get there! Happy trading!