JPM update

11/19/2016 – update to JPM.

the pattern in/around the 60’s caused quite the chop fest but was, ultimately, defeated.

now, since the election, JPM has vaulted out of the gate into the ‘big AB=CD’ and extension area … because of such a big candle coming into this level, it begs of caution if trying to short – perhaps look for a weekly or daily signal reversal?

wrong above 84 …

B

page_16-11-19_16-29-19

 



JPM sell pattern
JPM sell pattern

 

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.

2 thoughts on “JPM update”

    1. hello paolo – right now, too early to tell. needs some time to get working and can then calculate some targets. a square root off the high is always a starting point

Leave a Reply