KevinSinghDhaliwal
Short

JPM POTENTIAL PATTERN IN PLAY

NYSE:JPM   JP MORGAN CHASE & CO
Hello everyone, I am looking to short $JPM. We do have a pattern in play, the targets have been highlighted on the chart.

Good Luck
I strongly disagree with this setup. The Bull are gaining strength on this chart. Eventhough, it is a weak Bull. It is still a bull. In fact, it looks exactly like the S&P. The Bear tries to short, but this is countertrend trading. The probability is very low at the bottom of the head and shoulder reversal. Unless, your strategy is daytrading. Swing trade will not work.

The best the bear gets is Trading Range. Aim to short at 68 or 70 bet on the Trading Range will have a higher probability.
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