Weekly Ascending triangle on JPM, $145-150 target?

7 oct. 2019

JPM currently has an ascending triangle forming the weekly, with a flat line of resistance around 118 and a rising line of support. Price is getting toward the end of the pattern here, and we had a bit of a false break-out into a decent sell down. However, price is still respecting the rising trend-line support and it had a decent buy-back before last weeks weekly close. The measured move of a potential break-out would give us a price target around $145-150.

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MA Guide (All weekly for this post):
50 MA in Green.
200 MA in Red.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

7 oct. 2019

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7 oct. 2019

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Daily view:

15 oct. 2019

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Hanging around that 118ish resistance level. Ideally like to see this level flip support before further upside continuation:

23 oct. 2019

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So far so good: