JPMorgan Chase (JPM) reported earnings today for the 4th quarter. There was no surprise for the professionals and for the Dark Pool Buy Side Institutions. They already knew what the numbers would be.
Today's candle was not just a bullish engulfing candle. It is what we, at TechniTrader, call a major fundamental REVERSAL candlestick pattern.
This is a huge one-day reversal that started out as a High Frequency Trader (HFT) gap down on negative expectations from the retail side and social media telling traders to sell short JPM. Those retail day traders who tried to sell short JPM got whacked big-time. Margin calls are likely, as the sell short losses on this large of a reversal candle are huge.
Why did the stock price reverse so quickly? The outlined area of the sideways consolidation pattern reveals Professional Traders’ setups ahead of the earnings report. The stock dipped into this price level, and then buying commenced that is well above average for JPM stock.
Today's candle was not just a bullish engulfing candle. It is what we, at TechniTrader, call a major fundamental REVERSAL candlestick pattern.
This is a huge one-day reversal that started out as a High Frequency Trader (HFT) gap down on negative expectations from the retail side and social media telling traders to sell short JPM. Those retail day traders who tried to sell short JPM got whacked big-time. Margin calls are likely, as the sell short losses on this large of a reversal candle are huge.
Why did the stock price reverse so quickly? The outlined area of the sideways consolidation pattern reveals Professional Traders’ setups ahead of the earnings report. The stock dipped into this price level, and then buying commenced that is well above average for JPM stock.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.