Razvan

JPM - Update (H&S to Descending Triangle)

NYSE:JPM   JP MORGAN CHASE & CO
1023 11 4
The H&S has been redrawn a little bit. Now we have 2 bearish Patterns. If 50$ will fall, I maintain our targets, if the upper line of the triangle will be broken then I'm thinking of a rally to 55$ per share.
Add a comment…classic textbook short set up
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Add a comment…classic textbook short set up
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Looks nothing like a head and shoulders (do people have two right shoulders?). Looks more like a descending triangle.
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Investazor Vconomics1
In Technical analysis there are multiple types of Head and Shoulders. From simple one to more complex that have several shoulders, and the commentary was "The H&S has been redrawn a little bit".
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if that falling resistance line breaks you can put your target much higher than 55
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Nice! EW confirms this view. Don't think it will move up from here. If price breaks nicely in impulsive manner it could turn out to be a 3 of 3 making it to the extend target.
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Razvan raul.luna.7524
I would not exclude the upside break :)
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Excellent work. Very clean and simple chart pattern to follow.
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Razvan QuantitativeExhaustion
Thank you! TrandingView has some pretty nice and easy to use TA instruments.
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Did you see the new Fibonacci and Gann erase line feature. You the erase tool with cntrl key and you can erase individual lines within the Fibonacci and Gann tools.
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