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JPMORGAN CHASE & CO.JPMORGAN CHASE & CO.JPMORGAN CHASE & CO.

JPMORGAN CHASE & CO.

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JPM trade ideas

JPM_Base of Wave Three has arrived. BULL MARKET LIVES!There are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, wave 1 saw the highs of 115, initially I believed, the pullback of wave two was ending at the end of July/Beg. Of Sept---but now I think it extended lower in what seemed a long and torturous wave…but! Just over the last 1-2 days the base has started to form and we are beginning wave 3, which will likely back shortly 115 (earnings?), then a wave 4 pullback will be swift and decisive (opposite of wave 2—as per the typical convention of these waves) after which JPM will progress upwards towards a level that will surpass their ATH…which, could even come sooner than later...Post election might see an end of short wave 4 pullback and final wave 5 going into the new year. Regardless of the exact trajectory the waves take, I do believe Banking is showing signs of rotation---not necessarily reflective in a price extension at current, but by the signals that other sectors are taking a breather, and the banks are slowly creeping out of consolidation and in an upward leaning trend.
NYSE:JPMLong
by nycmary
Possible Head & Shoulders for JPM?JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy! I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time. Possible H&S breakdown, bearish cross on the KST. I zoomed in on the KST so the bearish cross is noticeable, but if you zoom out there's a noticeable H&S pattern. Descending Triangle on the RSI, similar to the blue pattern in the price action, potentially double bearish confirmation. The FED is busy saving the DXY & trying to prevent the USD from losing world reserve currency status, so maybe they'll let assets decline until elections are over, who really knows? But if the USD collapses I don't imagine all assets prices will increase, it could get fugly.
NYSE:JPM
by ScotianBot