A safe pair of hands. That’s what they tell me about JP Morgan. The chart says otherwise.
On the above 2-month chart a significant negative divergence has confirmed with price action. Looking left history tells us a correction of up to 80% follows with those powerful divergencies. A strong sell signal also printed on the chart similar to that in 1999 (not shown on chart).
Is it possible price action continues rising? Sure.
Is it probable? No.
Shall continue to study banks around the world to determine if this is a global issue or restricted to the USA. Indications at this time suggest the stress is restricted to American, Australia, & Swiss banks, I don’t know why. Remaining European banks do not appears to show the same bearishness.
Ww
On the above 2-month chart a significant negative divergence has confirmed with price action. Looking left history tells us a correction of up to 80% follows with those powerful divergencies. A strong sell signal also printed on the chart similar to that in 1999 (not shown on chart).
Is it possible price action continues rising? Sure.
Is it probable? No.
Shall continue to study banks around the world to determine if this is a global issue or restricted to the USA. Indications at this time suggest the stress is restricted to American, Australia, & Swiss banks, I don’t know why. Remaining European banks do not appears to show the same bearishness.
Ww
Trade active
To be a fly on the wall of those meetings during those forced takeovers. Don't worry, we've got leaked video..youtube.com/watch?v=QcoHpiiWc9Q
Trade active
Price action has now broken out of the 2nd bear flag with two candle bodies from the 2-week chart.Trade active
"Jamie Dimon to sell JPMorgan stock for first time"He's obviously a WW follower...
ft.com/content/8dfffd9b-3d9c-4819-a3df-9655f9888fac
2-week Gravestone DOJI
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.