COF - Capital One Financial smacking into MAJOR resistance
July 22, 2025
Capital One (COF) has been on amazing run. That being said, it's banging into some stiff resistance w/ multiple projections and extensions causing a confluence zone in the 220-230 zone. Resistance is to be expected, if not a larger more pronounced correction. The harmonic moves are shown to the far left. Keep an eye on this financial bellwether. If long, tighten stop or take profit. If looking to short, I would wait for a Signal Reversal Candle on the daily/weekly level. (The 'low' of the candle which makes the 'high' is taken out to the downside on a daily or weekly close.)