The technical figure Triangle can be found in US company Wells Fargo (WFC) at daily chart. Wells Fargo & Company is an American multinational financial services company. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The Triangle has broken through the resistance line on 16/10/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 15 days towards 49.96 USD. Your stop loss order according to experts should be placed at 44.83 USD if you decide to enter this position.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.