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mahdirhimi

JPM has reached to it's highest resistance , possibly short

Short
JP Morgan Chase (NYSE:JPM)  
mahdirhimi Updated   
NYSE:JPM   JP Morgan Chase
Support and Resistance Supply and Demand Fundamental Analysis Stocks USA jpmorgan JPM stocktrading resistence priceaction Bearish Patterns
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supportandresistance supplyanddemand fundamental stocks usa jpmorgan jpm stocktrading resistence priceaction bearish
JPM

hello guys , I wish you're all fine .
JPM touched 168$ which has been a nice resistance on June 03 2021
Also the candles looks bearish in 1h and 4h
RSI is at 67.85 and overbought
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Also I think because of the fear of inflation in U.S and also low CB Consumer Confidence which was reported today and caused stocks to fall and bearish , JPM has not fallen enough in comparation to the other stocks .
So probably on Wednesday when the market opens , we must see what's gonna happen to JPM
I go for a short position .

what's your idea guys ??
is JPM still bullish or it's bearish now ??

!! this is just a personal analysis and this person has no responsibility of your trade and risk !!
Trade closed manually
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