Here is the updated chart on JPM short trade I have posted on January, 12th. Brief pop above the resistance level to clear out any shorts. Turning around and dropping down below which proves to be a bull trap. From there, pretty steady down trend day after day. Today, hitting the first target. 10.5% down from the high. Next target is $117.20ish level and reaction...
If we break out of that longlasting channel we will breakout into a new bullmarket. Need a close above the line though. Till than, I think we stay in the channel.
I see a double bottom performing on the red line which would match the trendlines. These are not 1h trendlines, these are SOLID, HUGE Trendlines just to say.
Furthermore, the weekly RSI indicates,...
