Head shoulders ,so far has failed to close below the neckline to pull the trigger
Last time, we had a great trade after price violated uptrend support line, now it even the price looks weaker than before, and may have formed a bearish head and shoulders' top which has a measured move to $42-$41 area. This may take time to achieve that downside target, and if you want to be aggressive, make your stop loss at recent swing high $48.16. Join us...
Head and Shoulders formation, still needs a confirmation with a neckline break...
Short Setup . Head and Shoulders , break of neckline sets targets of $42.50
See our perspective for JPM on www.investazor.com
The first target achieved and it was indeed a great trade. The chance to achieve second target has increased today, and we will hold small position. Join us www.woowtrading.net
Highlighted this correlation that has been effective since 2009 will be interesting to see if it has merit into the future.
Still holding the short position, and will see if it can hold the downside target $46.85 area if it fails expecting even more serious sell off towards $43.21 previous buying point. Join us www.woowtrading.net
Still see 46.8 a short term target and nothing has changed so far to exit the trade but to add more. Let us meet there before we flip the trade to long today's news will add more pressure towards the downside target. Join us www.woowtrading.net
Below $49 not good at all. Let us meet $46.50 area and see if this is a temp pull back or a bigger correction. Join us www.woowtrading.net
Need to hold angle 1 and crasch scenario is when we berak angle 2 with possible bottom 2015-2016,,,