WFC Trade on May 18, 2021 11:09 from spyrosz: Tradervue User Stock Trades.

Always on watch for signs of exhaustion, after a 50%+ rally from lows into $44-48 area which is a major supply zone. 6-years worth of supply above $44 got trapped when Covid hit. When the reflation bid fades, I bet WFC will get smoked.

Opened strong and popped to R1=upper channel boundary=$48, got rejected and quickly rolled over to S1=$47.5. VWAP held it down mutiple times, so once it looked ready to break below S1,

got short Tier 0, risking stop above VWAP, added one momo tier for the break of LOD after flat-line consolidation in-front of S1, tightening stop to $47.6s for the whole size, expecting the move to S2=$46.8.

Covered some in-front of $47 whole number, rest at target. Nice trade:)

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-05-18 11:09:59	WFC	sell	$47.500	short
2021-05-18 11:09:59	WFC	sell	$47.500	short
2021-05-18 12:07:43	WFC	sell	$47.430	short
2021-05-18 14:37:04	WFC	buy	$47.145	short
2021-05-18 14:46:41	WFC	buy	$47.080	short
2021-05-18 15:59:49	WFC	buy	$46.840	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WFC&trade=31136056&end=20210617&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WFC&trade=31136056&end=20210518160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WFC&trade=31136056&end=20210518160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

WFC Trade on May 18, 2021 11:09 from spyrosz: Tradervue User Stock Trades.

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