$JPM 0.618 Bullish Fibonacci, 65m AnalysisHey everyone,
I took sometime to chart NYSE:JPM , JPMorgan Chase & Co., on the 65-minute timeframe.
Every 6 candles = 1 day.
I took a bullish Fibonacci on the low of Aug 5th ($190.90) and dragged it to Aug 30th's all-time high price of $225.48.
On Sept 14, price dropped to the 0.618 Fibonacci @ $204.11 and price hovered around the area for the next few days. As of EOD yesterday, Sept 16, price is hitting minor resistance on the 0.5 Fibonacci @ 208.19.
I am bullish on NYSE:JPM but not going to take any plays as of yet.
External factors like the Fed's decision on interest rate and other economic news have huge influence this week.