🔻 Bearish Reversal in Play? 🔻
🧠 Technical Breakdown: JP Morgan (JPM) is forming a textbook Head & Shoulders pattern on the 4H chart — a reliable bearish reversal signal. The neckline has been broken, and sellers are stepping in strong!
📍 Key Insights: ◾ Pattern: Head & Shoulders – classic trend reversal structure.
◾ Breakdown Triggered: Neckline support is broken.
◾ 200 MA Resistance: Rejected — bearish bias confirmed.
◾ Target Zone: $185.00 – previous key demand level.
🎯 Trade Setup:
🔴 Entry: $230.00 (post-neckline breakdown)
🟢 Stop Loss: Above $245.00 (right shoulder area)
🎯 Target: $185.00 – strong support and potential take-profit zone
⚠ Pro Tip: Watch for a neckline retest before going short — avoid fakeouts!
🔥 Final Thoughts: JPM looks ripe for a bearish move with this Head & Shoulders setup. If momentum continues, $185 could be hit fast. Stay alert and manage risk wisely!
🧠 Technical Breakdown: JP Morgan (JPM) is forming a textbook Head & Shoulders pattern on the 4H chart — a reliable bearish reversal signal. The neckline has been broken, and sellers are stepping in strong!
📍 Key Insights: ◾ Pattern: Head & Shoulders – classic trend reversal structure.
◾ Breakdown Triggered: Neckline support is broken.
◾ 200 MA Resistance: Rejected — bearish bias confirmed.
◾ Target Zone: $185.00 – previous key demand level.
🎯 Trade Setup:
🔴 Entry: $230.00 (post-neckline breakdown)
🟢 Stop Loss: Above $245.00 (right shoulder area)
🎯 Target: $185.00 – strong support and potential take-profit zone
⚠ Pro Tip: Watch for a neckline retest before going short — avoid fakeouts!
🔥 Final Thoughts: JPM looks ripe for a bearish move with this Head & Shoulders setup. If momentum continues, $185 could be hit fast. Stay alert and manage risk wisely!
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Join My Telegram Channel Now
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.