Shorting WFC for short-term correction

WFC is looking at near-term weakness after a strong bearish counter attack candle was seen rejecting the 123.6% Fibonacci extension of the range (71.82-76.50) and the 88.6% deep retracement level of the larger swing low to high (50.20-80.70).

23-period ROC is looking at a bearish divergence and volume has spike up on selling.

Target is likely to be at 71.80 and 67.10. Should the opening reverse above 76.50, the stock is likely to resume its upside and we will cut short the short-sell trade.