WFC Final Target Hit for 14.2% Gain

WFC (Wells Fargo) gapped below the final target yesterday to open at 49.00. As any standing BTC limit orders at the final target of 51.77 would have been bypassed & filled at the opening gap price (limit orders to buy/sell a position are filled at the limit price or better). This resulted in a 14.2% gain since the short entry on July 14th at 57.14 while WFC was backtesting the recently broken bearish rising wedge pattern. As T3 was the final target, consider booking full profits or at least lowering stops, if holding out for additional downside. WFC will now be categorized as a Completed Trade. Previous & updated daily charts below:

Aug 25, 2015 9:20am|Categories: Completed Trades - Short|Tags: |Comments Off on WFC Final Target Hit for 14.2% Gain