JPM - short

Updated
Magic combo: bad earnings + weak market, particularly financials (FAS) look bearish. Big sell volume. MA 100 just crossed above MA50 on the hourly timeframe.
Head and shoulders at the hourly timeframe.
Can find support at SMA 200, about 147
Order cancelled
As the pattern is broken, I'm outr breakeven at the moment. Still keeping it on my radar.
Trade active
Watching closely for a short position again, I like this red candle on the daily.
Note
I'm in again, with the stop loss above 171
Note
Shorting it again
Chart PatternsTrend Analysis

Also on:

Disclaimer