JPM has recovered from earnings and some strong downward pressure. Its looks like an Anti setup on Friday and price continued to consolidate near that level today. I will be looking to swing this trade to the upside for a 1:1.
In this update we review the recent price action in JPMorgan and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
The problem is that the market crashed
down by 2% right at market open for NYSE:JPM
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If you where using high margin of x10 you
would have experienced a -20% on
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Your options trading account
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This is why i tell you to not use margin
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When i am sharing this information i am
assuming you are a beginner
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Remember do your own research before...
It's been a long time, here is a video on what to expect in the market during the week as central banks are about to raise interest rates once again and three large companies are set to release earnings
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I this update we review the recent price action in JPMorgan and identify the next high probability trading opportunities and price objectives to target
Short-Selling Idea for JP Morgan after tomorrow's earnings report.
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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute...
Ascending support on JPM - some will also identify the pivot highs calling for a triangle pattern.
Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups!
Hope this chart...
