30% collapse by Wealth Fargo (WFC)

Wells Fargo (WFC) recently tested and briefly exceeded the key psychological resistance at $60. However, this move above $60 was short-lived, followed by a strong downside wave accompanied by significant selling volume. This price action could be an early indication of potential weakness.

Additionally, a bearish divergence has formed on the CCI oscillator, further supporting the idea of a possible trend reversal. Given these signals, WFC is presenting a solid risk-reward short opportunity that seems worth considering. Keep a close eye on this setup as it develops!