🔻 Bearish Reversal in Play? 🔻
🧠 Technical Breakdown: JP Morgan (JPM) is forming a textbook Head & Shoulders pattern on the 4H chart — a reliable bearish reversal signal. The neckline has been broken, and sellers are stepping in strong!
📍 Key Insights: ◾ Pattern: Head & Shoulders – classic trend reversal structure.
◾ Breakdown Triggered: Neckline support is broken.
◾ 200 MA Resistance: Rejected — bearish bias confirmed.
◾ Target Zone: $185.00 – previous key demand level.
🎯 Trade Setup:
🔴 Entry: $230.00 (post-neckline breakdown)
🟢 Stop Loss: Above $245.00 (right shoulder area)
🎯 Target: $185.00 – strong support and potential take-profit zone
⚠ Pro Tip: Watch for a neckline retest before going short — avoid fakeouts!
🔥 Final Thoughts: JPM looks ripe for a bearish move with this Head & Shoulders setup. If momentum continues, $185 could be hit fast. Stay alert and manage risk wisely!
🧠 Technical Breakdown: JP Morgan (JPM) is forming a textbook Head & Shoulders pattern on the 4H chart — a reliable bearish reversal signal. The neckline has been broken, and sellers are stepping in strong!
📍 Key Insights: ◾ Pattern: Head & Shoulders – classic trend reversal structure.
◾ Breakdown Triggered: Neckline support is broken.
◾ 200 MA Resistance: Rejected — bearish bias confirmed.
◾ Target Zone: $185.00 – previous key demand level.
🎯 Trade Setup:
🔴 Entry: $230.00 (post-neckline breakdown)
🟢 Stop Loss: Above $245.00 (right shoulder area)
🎯 Target: $185.00 – strong support and potential take-profit zone
⚠ Pro Tip: Watch for a neckline retest before going short — avoid fakeouts!
🔥 Final Thoughts: JPM looks ripe for a bearish move with this Head & Shoulders setup. If momentum continues, $185 could be hit fast. Stay alert and manage risk wisely!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.