2waytrading

Classic Head n Shoulders' Top

Short
BATS:JPM   JP Morgan Chase & Co
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Last time, we had a great trade after price violated uptrend support line, now it even the price looks weaker than before, and may have formed a bearish head and shoulders' top which has a measured move to $42-$41 area. This may take time to achieve that downside target, and if you want to be aggressive, make your stop loss at recent swing high $48.16. Join us woowtrading.net

Comments

Agree on the pattern, waiting for confirmation with neckline break with high volume
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