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WFC Approaches the Upper Line of Its 15-Year Channel

Tags: upper
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







This post first appeared on The Stock Market Viewpoint, please read the originial post: here

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WFC Approaches the Upper Line of Its 15-Year Channel

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