JPM potential sharp correction
The stock was moving in it's 5th wave on the daily chart,i doubt that the 5th wave of the 5th wave is already truncated,and the 5th wave of the larger degree is also truncated , because of the shooting star followed by the long bearish candlestick,and the negative divergence on the daily MACD(which i have no idea how to insert it on this chart)if this scenario is true ,we could see a shaaarp correction very soon ,the 94 level is a historical resistance ,every time the bulls try to penetrate it they fail( which formed a classical triple top pattern too).selling short after breaking the ending diagonal first target 92.30 .
Alternative scenario: penetrating the 94 level reaching 96.50 to end the 5th wave of the ending diagonal ,after that selling short targeting 92.30 .
Alternative scenario: penetrating the 94 level reaching 96.50 to end the 5th wave of the ending diagonal ,after that selling short targeting 92.30 .
交易結束：目標達成
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