Bearflag on JPM inside a rising wedge on the 15min chart
Updated
This bearflag has a resistance at 130.09 which is also my stoploss. Otherwise it is looking good for a push down.
Trade closed: target reached
UPDATE:JPM ended the day negative as predicted (at -0.58% with the market making finishing the day at +0.20%).
I got stopped out of my 128p 22/11 at the resistance of 120.09 for a small loss but got back into the trade with some weeklies when the stock got back under the resistance and the ascending wedge fired off. Hope you made some $$$ with this trade!
This is a big learning experience from me, so I will continue to post promising setups
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