jefftan

JP Morgan : Major crossing to Major Upper Band 1

NYSE:JPM   JP MORGAN CHASE & CO. COMMON STOCK
162 0 0
The mini median line will continue to pull prices up only to be halted by the upsloping purple sliding parallel.

Expect some retracement downwards towards the U-MLH but we see a nice pin-bar straddling on the mml.

If price breaks above pin-bar, it is "onward christian soldiers!...". If not, it will find support on U-MLH before a another push up.

It is at a critical juncture so let's see how it behaves.

Tricky to long at the moment as Reward to Risk Ratio is low.
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