TheSignalyst

JPM - Strong Support Ahead!

Long
NYSE:JPM   JP Morgan Chase
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

JPM is overall bullish trading inside our brown rising broadening wedge and it is currently approaching a demand zone and round number 100.0

Moreover, the lower brown trendline act as non-horizontal support.

Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of:
1- Green Demand Zone
2- Brown Trendline
3- Round Number 100.0


As per my trading style:
As JPM approaches the purple circle, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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