JPM updated w/ a SELL pattern complete

in November 2013 we targeted this area as a SELL pattern:

JPM beautiful sell pattern

much like the movie Inception  w/ the dream w/in a dream w/in a dream concept we also like PATTERNS to behave in the same manner. a pattern w/in a pattern w/in a pattern.  all this does is increase the probability of a pattern working.  does not guarantee it will work but does tip probability in our favor.

w/ JPM we have the following:

  • Monthly Gartley Pattern w/ a Buttefly pattern inside of it.
  • Daily 5 point reverse wave w/ a butterfly inside of it and inside of that butterfly is a 3 drives.

Folks, only probability but this pattern is complete.  If we get a daily open/close above 64 I would assume this pattern had failed.

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Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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