Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, December 26, 2017

WFC Approaches the Upper Line of Its 15-Year Channel

WFC broke out of its 3-year declining brown channel recently and made a quick run almost to the upper line of it 15-year green channel.


click on image to enlarge



While WFC could go a little higher and trade sideways at this upper line for some time, history says this is a froth channel and the big black channel below it is its dominant channel.


Trade well my friends

Alan





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