Browse Stacks: Patterns: Triangles: slopechart_WFC.jpg

Progressive failure lower. The first failure was the green dash trendline. The second failure was the red dot trendline which simultaneously was a failure of the red 2 touch triangle. The next test is the very short term blue triangle followed by the triangle/trendline formed by the latest low. Wells Fargo bulls have admirably charged back after both failures to recapture the trendline. Can they keep it up? Will the solid red bear trendline hold? Stay tuned!