Possible JPM SHORT... (maybe?)

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.
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
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