JPMorgan Chase (JPM) | 3W Chart 📊
“Momentum in motion.”
After a textbook bounce off the Fib 0.236 (220.38) and reclaim of the 0.382 (231.63), JPM is charging into the golden zone, currently hovering around the 0.5 level (240.72). With $243.55 on the board and a bullish 3-week candle, all eyes are now on the 0.618 (249.82) and ultimately the 0.786 (262.77).
🔁 Previous High: $279.23
📈 Structure: Curved base forming, signaling accumulation.
🧠 Psychology: Dip buyers stepping in, confirming demand zone.
If volume and macro conditions align, this setup could turn into a multi-quarter expansion leg.
“Momentum in motion.”
After a textbook bounce off the Fib 0.236 (220.38) and reclaim of the 0.382 (231.63), JPM is charging into the golden zone, currently hovering around the 0.5 level (240.72). With $243.55 on the board and a bullish 3-week candle, all eyes are now on the 0.618 (249.82) and ultimately the 0.786 (262.77).
🔁 Previous High: $279.23
📈 Structure: Curved base forming, signaling accumulation.
🧠 Psychology: Dip buyers stepping in, confirming demand zone.
If volume and macro conditions align, this setup could turn into a multi-quarter expansion leg.
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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.
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.