suheysen93
Short

Possible JPM SHORT... (maybe?)

NYSE:JPM   JPMORGAN CHASE & CO.
There may be a potential sell to ride the next wave down for JPM ; seems like a double three pattern may be happening at the moment. Currently, it will (probably) undergo its Wave C of Wave Y (I'm not sure, just speculating). A bit tricky on where it would end; i) could potentially push price towards its previous low or lower (around 92.00); or ii) fall short and make a triangle pattern . Just have to wait and see. Price has also broken its higher lows, and has been currently testing its breakout.

P/S: still learning, but its worth to take look at this pattern. I could be all wrong. ;)
Actually, if you look at the weekly chart, we are at the end of wave 4 and looking to go up on wave 5.
It is typical to see waves ABCDE as wave 4. Wave 5 looks to follow now and remember to take profit before wave A kicks in in correction phase. Recession could come when wave A begins.
Reply
suheysen93 justinl619
@justinl619, Hey, I’ve also been pondering on whether this is actually a triangle ABCDE. Got to wait and see if those May highs get tested. Will continue to monitor. Thanks for your insight
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out