Wells Fargo: open buy signal, setup in transition

Wells Fargo is at week 3 of a buy signal, with a +2.3% gain since entry and the stop already moved to breakeven — trade risk is zeroed out. The setup quality indicator sits at 54 out of 100 (ordinary phase), signal strength at 55 out of 100, a steady profile. The Financials sector is in a strength phase, but a bearish engulfing pattern has appeared on the daily chart — something to monitor over the coming days.