JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction.
As you can see, every Higher High rejection (two so far on that pattern) has...
JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High.
The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D...
JP Morgan Chase & Co. (JPM) has basically turned sideways since November 11 (despite the marginal November 25 Higher High) putting a pause to the enormous 1-month rally since the October 12 bottom.
The big news on this chart is that the 1D MA50 (blue trend-line) is about to cross above the 1D MA200 (orange trend-line) to form the infamous pattern of the Golden...
