This here is the monthly chart that sees JPM at the all time high
The weekly made a false breakout above the all time high in March, and I believe it is making another one right now, combined with a false breakout over this possible double top formation. You can see a long lasting class A triple bearish divergence on the MACD lines. The pattern on the Weis Wave is not that important, but it is there.
Considering how the overall market looks at this time, I believe that JPM will see a bear market in the coming months. There will probably be more wobbling around at these levels, but in at least 6 months, I wouldn't be surprised to see this bank at 48$ per share.
The weekly made a false breakout above the all time high in March, and I believe it is making another one right now, combined with a false breakout over this possible double top formation. You can see a long lasting class A triple bearish divergence on the MACD lines. The pattern on the Weis Wave is not that important, but it is there.
Considering how the overall market looks at this time, I believe that JPM will see a bear market in the coming months. There will probably be more wobbling around at these levels, but in at least 6 months, I wouldn't be surprised to see this bank at 48$ per share.
