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JPM forming a descending channel?

JP Morgan Chase (NYSE:JPM)  
HouseOfTrades Updated   
NYSE:JPM   JP Morgan Chase
Trend Analysis Chart Patterns Technical Indicators financialstocks JPM banks Stocks Parallel Channel
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trendanalysis chartpattern indicator financialstocks jpm banks stocks parallelchannel
After ERs price made a below longterm support and it now can retest it as resistance.

I am watching price action to see if we can form a new descending channel.

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