Trading idea for JPMorgan Chase Co. (NYSE)

#JPM

The mirror level 111.45 restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss: 111.45.

Target levels: 123.00; 128.56.

Author: GC
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