JPMorgan Chase: ⬇️ Sell
– JPMorgan Chase reversed from resistance area
– Likely to fall to support level 1.1600
JPMorgan Chase recently reversed from the resistance area between the key resistance level 320.00 (which has been reversing the price from September) and the upper daily Bollinger Band.
The downward reversal from this from the resistance area created the daily Japanese candlesticks reversal pattern Shooting Star – which stopped earlier impulse wave 3.
Given the strength of the resistance level 320.00, JPMorgan Chase can be expected to fall to the next support level 310.00.
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