JP Morgan Chase (JPM) has been trading within a Channel Down since its January 05 Top. Yesterday the price hit the top (Lower Highs trend-line) of this pattern and gave a strong Sell Signal.
With the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) having already formed a 1D Death Cross, this amplifies the sell opportunity, which can technically do another -0.382 Fibonacci test.
Since however this time the 1W MA100 (red trend-line) is in between, the Target should be that Support, and we expect it to be at $270.
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With the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) having already formed a 1D Death Cross, this amplifies the sell opportunity, which can technically do another -0.382 Fibonacci test.
Since however this time the 1W MA100 (red trend-line) is in between, the Target should be that Support, and we expect it to be at $270.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.