JPM Technical Outlook – Range-Bound Between Support & Resistance

🏦 JPM Technical Outlook – Range-Bound Between Support & Resistance
Ticker: JPM (JPMorgan Chase & Co.)
Timeframe: 30-minute candles
🔍 Current Setup
JPM has been trading inside a horizontal range for several weeks, with price repeatedly rejecting both resistance and support.
Range Resistance: ~295.00
Range Support: ~287.20
Current price: ~292.20, sitting near the mid-range.
This structure signals consolidation after prior gains, with traders waiting for a breakout to set the next directional move.
📊 Breakout Levels
🚀 Upside (Bullish Scenario)
Trigger: Break and close above 295.00.
Intermediate Targets:
298.00–300.00 → Round-number psychological resistance.
302.00 → Prior high.
Measured Move Target: ~303–305 (range height projection).
🔻 Downside (Bearish Scenario)
Trigger: Break and close below 287.20.
Intermediate Supports:
285.00 → Minor support.
281.50–282.00 → Previous demand zone.
Measured Move Target: ~279.00 (range height projection).
📈 Volume Analysis
Volume has been declining during the chop, consistent with range-bound trading.
Expect volume expansion on breakout, confirming the move’s legitimacy.
⚖️ Probability Bias
JPM remains neutral until it leaves the 287–295 range.
A break above 295 would favor bulls, targeting 300+.
A drop below 287 would favor bears, aiming for 282 → 279.
✅ Takeaway
JPM is stuck in a tight consolidation range:
Bullish Break > 295: Targets 298 → 300 → 303–305
Bearish Break < 287: Targets 285 → 282 → 279
Until then, expect continued sideways chop between the range boundaries.
Ticker: JPM (JPMorgan Chase & Co.)
Timeframe: 30-minute candles
🔍 Current Setup
JPM has been trading inside a horizontal range for several weeks, with price repeatedly rejecting both resistance and support.
Range Resistance: ~295.00
Range Support: ~287.20
Current price: ~292.20, sitting near the mid-range.
This structure signals consolidation after prior gains, with traders waiting for a breakout to set the next directional move.
📊 Breakout Levels
🚀 Upside (Bullish Scenario)
Trigger: Break and close above 295.00.
Intermediate Targets:
298.00–300.00 → Round-number psychological resistance.
302.00 → Prior high.
Measured Move Target: ~303–305 (range height projection).
🔻 Downside (Bearish Scenario)
Trigger: Break and close below 287.20.
Intermediate Supports:
285.00 → Minor support.
281.50–282.00 → Previous demand zone.
Measured Move Target: ~279.00 (range height projection).
📈 Volume Analysis
Volume has been declining during the chop, consistent with range-bound trading.
Expect volume expansion on breakout, confirming the move’s legitimacy.
⚖️ Probability Bias
JPM remains neutral until it leaves the 287–295 range.
A break above 295 would favor bulls, targeting 300+.
A drop below 287 would favor bears, aiming for 282 → 279.
✅ Takeaway
JPM is stuck in a tight consolidation range:
Bullish Break > 295: Targets 298 → 300 → 303–305
Bearish Break < 287: Targets 285 → 282 → 279
Until then, expect continued sideways chop between the range boundaries.
Dagangan aktif
BREAKOUT LED TO ALL TIME HIGHSPenafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.