09/29/2020 JPMJPM looks to have finished a complex wave 4 in an expanding triangle. Looking for a wave 5. It is hard to be bullish on banks, but given the recent allegations again JPM and the trendline support holding, it may be worth a shot at letting some monthly options play out.Longby saucetrader111
JPM_Base of Wave Three has arrived. BULL MARKET LIVES!There are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, wave 1 saw the highs of 115, initially I believed, the pullback of wave two was ending at the end of July/Beg. Of Sept---but now I think it extended lower in what seemed a long and torturous wave…but! Just over the last 1-2 days the base has started to form and we are beginning wave 3, which will likely back shortly 115 (earnings?), then a wave 4 pullback will be swift and decisive (opposite of wave 2—as per the typical convention of these waves) after which JPM will progress upwards towards a level that will surpass their ATH…which, could even come sooner than later...Post election might see an end of short wave 4 pullback and final wave 5 going into the new year. Regardless of the exact trajectory the waves take, I do believe Banking is showing signs of rotation---not necessarily reflective in a price extension at current, but by the signals that other sectors are taking a breather, and the banks are slowly creeping out of consolidation and in an upward leaning trend. Longby nycmary2
ABC Bullish Earnings 10/13 BMOStop under C R overhead This one has tried to break out before but did not hold on Times are tough for banking stocks. I guess we have to have banks though. Possible T2 133.4 to 144. I would be focused on T1 for now (o: Short interest in low Not a recommendationLongby lauralea223
JPM - Elliottwave analysis - trade update Welcome guys, CycleWave is the top author sharing trade ideas based on EW analysis since last four months on the global stocks, currency pairs, cryptos, future indices and commodities. JPM - It is in (Y) wave as ABC zigzag and 4th wave of C down is in progress, which was earlier predicted when price was at 103. This is the update of that trade. Sell on bounce near 95.00-96.50 for again one more down cycle to end the correction. Shortby EWFcw222
JPMORGAN AND CHASE path and direction Hello everyone JPMORGAN at critical level as shown in chart good luck by Abu-Sushi6
JPM - Long to $97.00 - $97.50NYSE:JPM Just a long idea: Entry $94.00 - $94.50 Take profit $97.00 - $97.50 Stop loss or hold long is up to you Disclaimer!Longby PhanTichStock_com0
Possible Head & Shoulders for JPM?JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy! I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time. Possible H&S breakdown, bearish cross on the KST. I zoomed in on the KST so the bearish cross is noticeable, but if you zoom out there's a noticeable H&S pattern. Descending Triangle on the RSI, similar to the blue pattern in the price action, potentially double bearish confirmation. The FED is busy saving the DXY & trying to prevent the USD from losing world reserve currency status, so maybe they'll let assets decline until elections are over, who really knows? But if the USD collapses I don't imagine all assets prices will increase, it could get fugly. by ScotianBot0
$JPMas you can tell all financials went down today, with no reason. but from what I can see and expect is in the gap circled (white) to get filled within these next days before earnings (October 13). I think we will be hitting 105 by next week in a bullish market. by curielp13550
JPM - Long to $102, $105My trade plan is continuous keeping all of Long positions in the Banking Sector. JPM and BAC can return to Uptrend after hit the Bottom Support Trend Line. Disclaimer!Longby PhanTichStock_comUpdated 0
JPM to LongTriangle around EMA144 Near breakout -- not sure which direction Entry: 103 Stop: 98; Target: 120; reward:risk=3:1 I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate. Longby PlanTradePlanMMUpdated 1
JPMorganc Chase (JPM) - Sell on bounceJPMorganc Chase (JPM) - it is underperforming the SPX and other financial stocks. It is in WXY complex correction as double zigzag and C of Y wave is in progress. So sell on small bounce up to 102-103.80 with stops above 105.30 for target zone below 90 or even lower as primary target. The pattern confirmed below 99.45 level. so it can traded as breakdown trade set up also. Shortby EWFcw995
Ready for upward movement after pennant breakoutJPM showed relative strength during a market pullback and confirmed a pennant breakout with its close even on a down day. A rotation into banks may provide the volume this needs to see fib targets above. Safe entrance above last market open. Stop loss can be set at the fib below.Longby SpinTradesUpdated 0
JPM getting squeezedcoiling with in the range. It can break either way depending on how it breaks and market condition. by dragonboys1
JPM : Come on bro , it is the largest bank in the US !The undervalued gem .Longby UnknownUnicorn111066976
JPM to resolve. JPMorgan continues in a bearish channel with a short range between 96 and 106 dollars. We can to see a sort of triangle can to resolve bullish, but the international economic context seems to dilate the recovering of the financial sector. However, if you go to long then, clearly, this moment is an opportunity to buy and hold. Longby danielvillarre710
JPM Long PotentialFinancials look strong. Watching for a potential breakout from the stronger banks (GS, JPM) as XLF tests the 200. The market cannot recover without financials and tech has gotten love for too long. Let's see what happens.Longby theguinnessinvestor115
JPMORGANThe banker in short or long always win Long Run bullish until the whole break down or brake down... See what´s next... See you later!Longby Trauben_Investments0
JPM: Looking for a new high in Wave 5I use Elliott Wave analysis in combination with fibonacci ratios of extension and retracement. JPM new high incoming, to touch at least the 1.618 fib extension at $128Longby Hall0621222
Symmetrical Triangle ABC BullishBullish Chart but find a good entry for you if you want to buy this stock. Always do your research and remember targets 2 (T2) can be a long time coming and may not come. I keep my eyes on T1 then I worry about T2. If a stock becomes overbought etc..use your trading skills. IE..I bought PCAR. The stock made it to 91.27 and it was extremely overbought. I sold it at 91 and bought it again on the pull back. PCAR did not make it to targets of 93.27 100 and 106 without becoming extremely overbought. It just depends I guess and nothing is written in stone. It appears there is a market rotation going on. But things are not as they appear so I always tip toe as of late Short interest low Watch out for market volatility. There is an awful lot going on in our world right now Targets and long entry possibilities listed on chart for both patterns. Possible stop below 90.7 Be safe Not a recommendation Longby lauralea0