JPM after Bearishly Engulfing on the Monthly has formed a bit of a Head and Shoulders pattern while at the sametime forming a Bearish Dragon with some MACD Bearish Convergence as the RSI enters the Bearish Control Zone if price continues to do what it's doing i could see JPM making a full 0.886 Retrace.
My artistic depiction on what happens on the 47th floor of the jp morgan head quarters in nyc. at the end of the day im just a goy so only the chosen ones really know
Potential double bottom setup here. I like this companies financials. It's a credit card company so I'm thinking about the attractiveness of reward points and holiday spending. Even though it's not estimated to be a great holiday season for some, I'm more so thinking about the surcharges and end of month billing here. Chase is also a bank on top of that and just...
As Volumes begin to dry up and Seasonality begins to take hold as Euphoria morphs quietly into "Fear" the ES will begin a large retracement. Globex has been another Low Volume affair with the Retail Chasers continuing to BTD with diminished conviction. The chart remains in a Bull Trend, with extreme divergences. We are preparing for a very nasty 10% correction,...
-Can easily hit the record highs in upcoming months!
JPM is looking at a retest of that 160 target I had a few days ago. As expected, algos took profits and it put in a bearish candle at the top. It seems like JPM has been trading inside a very range for a while, and if earnings posted are good, it should break higher, looking at 160 calls that should be paying nicely on this swing. All indicators show a bullish...
It started to make higher highs and not it is time for next move. It is above 50SMA and approaching to the MA zone.
JPMorgan may be breaking out below a bear flag formed from the March lows as we speak.
4H Chart Explanation: - Price is close to the All Time Highs Zone. - Price is on an strong Ascending Trendline. - If price breaks the Resistance Zone, it has potential to move up towards the Fibo Levels. Weekly Vision: Daily Vision: Updates coming soon!
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 131.10 • Take Profit Level: 132.50 (140 pips) If the...
EURNZD SHORT SL. 1.74963 TP. 1.65595 Follow or Fade
but i believe this will drop on earnings and then slowly rebound up. So I will place my trade in after the earnings are reported. Tomorrow morning. I am long on this but I already have a WFC position and I can't risk two trades going against me.