JPM: Looking for a new high in Wave 5I use Elliott Wave analysis in combination with fibonacci ratios of extension and retracement. JPM new high incoming, to touch at least the 1.618 fib extension at $128
CMC trade ideas
Symmetrical Triangle ABC BullishBullish Chart but find a good entry for you if you want to buy this stock. Always do your research and remember targets 2 (T2) can be a long time coming and may not come. I keep my eyes on T1 then I worry about T2. If a stock becomes overbought etc..use your trading skills. IE..I bought PCAR. The stock made it to 91.27 and it was extremely overbought. I sold it at 91 and bought it again on the pull back. PCAR did not make it to targets of 93.27 100 and 106 without becoming extremely overbought. It just depends I guess and nothing is written in stone.
It appears there is a market rotation going on. But things are not as they appear so I always tip toe as of late
Short interest low
Watch out for market volatility. There is an awful lot going on in our world right now
Targets and long entry possibilities listed on chart for both patterns.
Possible stop below 90.7
Be safe
Not a recommendation
Sector Rotation?XLF seemed to avoid selloffs on Thursday/Friday where the rest of the market couldn't. Looking for further confirmation Tuesday/Wednesday 9/8 & 9/9
$JPM Triangle BreakoutJPM closing the week above our triangle breakout... however we need 105 to see higher. Above 105 my main price target is 108
JPM long entry with break of downtrend lineA downtrend line has been forming since pre-COVID highs forming a solid setup. Recent highs over $106 failed to break upwards, a break out of the downtrend can see targets above, with the marked fib close as the support below. Stop loss set below the lows of the most recent daily candle.
Potential buy in JP Morgan ChaseUsing pivot points, institutional price (100), moving averages (8, 20, 200 and 2000) and market geometry. Analysis in 4 temporalities: 1d, 30m, 15m and 5m.
JPMORGAN LONG POSITIONANALYSIS ON 1 HOUR CANDLE
USING ELLIOT WAVES, INSTITUTIONAL LEVELS AND FIBONACCI RETRACEMENT.
LONG POSITION (PE: 100.00, SL: 91.25, TP:125.00)
jpmorgan dale que vastoch leve abajo de 50.. dmi por abajo de 25... adx bajando perdido fuerza. positivo histograma de macd y la linea principal en aumento pero aun no puede pasar el 0. rsi clavado en 50. clara tendencia alcista.. viene con buen volumen. le meto una moneda...
JPM Banking Recovering (Burrr Powell Printing Machine)JPM remains in uptrend channel after march sell-off recovery, if you like banks or wants to get dividends it might be a good choice.
Support area around $95, resistance around $100, a solid week above $100 or going above MA 200 is considered positive sign.
Please Drop a Like or Dislike, Share your opinions, Not investment advice please seek professionals
JPMorgan Holds the 50-day as Curve SteepensTechnology stocks have undeniably led the market for several months. However the banks are showing signs of strength.
JPMorgan Chase has been quietly making higher lows along its 50-day and 100-day simple moving averages (SMAs). That suggests its intermediate-term trend is at least neutral, and possibly nearing a bullish state.
In and of itself, the chart is still inconclusive. But another chart, 30-year Treasury Yields , could add a fundamental reason to consider the banks. As we highlighted on August 10, bond prices were slamming into resistance as the economy showed signs of rebounding from coronavirus. (That pushes yields higher.) Jerome Powell’s new commitment to hotter inflation might also keep upward pressure on long-term rates.
The result could be a push/pull from the Fed. Inflation pushes long rates higher as the FOMC's target range pulls short rates lower.
That’s potentially a positive environment for banks like JPM that profit from a steeper yield curve. It could also get a cyclical boost if the economy continues to recover. (The second item on Powell’s agenda was a recovery in the job market.)
JPM 131JPM 131
Current Price: 99.09$
Price target: 131.17$
% Increase: 32.3%
Timeframe: October 13
Confidence Level: Very High
JPM Bullish sentiment coming Waiting for October may be the best scenario to have some #JPM stocks
As it recovers from the Corona sentiment
$JPM Signs of Life In JP Morgan
Potential long above the 12ma, @$100.
Levels to consider for resistance
$101.25 - Fibonacci resistance
$105.00 - Historical pivot point resistance a close
above would bring continuation.
RSI and Stochastic Bullish and Bottomed
daily analysis JPMORGAN CHASE & CO Hi friends
the daily chart of this market shows that it will experience a downtrend in the next few days with a very high probability but also at the same time it is better to be careful of the change of direction towards the opposite
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JPMorgan Chase & Co ( JPM ) - sell set up JPMorgan Chase & Co ( JPM ) is in WXY double zigzag correction, where Y wave is in progress as ABC. A wave was already finished. B wave will be correct up to 100-103 zone, so sell it within that zone for C wave down of Y wave with invalidation level of 106.05. the Y wave probably will go below 90 or even lower.
Elliot Wave Model for JPMThere 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, which saw a high 103.47, wave two was a relatively short pull-back from mid April to mid-May followed by wave 3 that reached nearly 115 high. I believe we have been in a long drawn out pull-back since, wave 2 was relatively short and concise, and as such, it makes sense that wave 3 has been longer and meandering (and utterly frustrating), as this is typically the case with waves 2 and 4 (when one is long the other is short or vice versa). At this juncture we may be heading into the beginning of wave 5, where we will break the pre-covid highs in the region of 125, after which we will begin a new cycle.
Enjoy, thoughts please.
JPM 130jpm needs 1 more red day to bounce off the support line then we can breakout around 104 and go higher
