JPMORGAN ready to give a 15% bullish movement

Today we will share a bullish analysis of JPM , explaining the major zones and the potential movements we can expect

Relevant items:

-The key area to pay attention to is the Resistance zone . We can see in the past what happened after the price broke it. We had an 18% bullish movement

-It's important to pay attention to the corrective structure formed on the edge of the resistance zone . Now we have the same situation at the same level

-The target we are choosing is a Double top pattern with the All-time high zone.

-We will define the RISK-FREE level at 130.5. This means that if the price reaches that zone, you should have your stop loss moved at the entry-level.

-Based on past behavior, this movement can take around 70 days.

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Hi this is the 1st time i hear about the risk-free zone concept. I see its half way of the target bullish impulse. Is there any theory behind, this has to be the half for a specific reason?
ThinkingAntsOk WinstonWallace
@WinstonWallace, Hi, thanks for asking. There isn't a rule that tells us when to move our stop loss to break even. However, you can decide this level by thinking about this question: In which price level can I consider that the price moved enough that I'm not willing anymore to be assuming risk on the trade?. In this case, it is half the way and looks like a great zone because it allows the price to have some volatility, and if it reaches it, we will be more than happy to protect the setup and just wait for a Break-Even or a Target. Thanks!
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