The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Market participants tracking JPMorgan Chase should note the latest formation. Currently at $302.28, the asset is showing upward momentum (0.1%). Price action has carved out a classic Ascending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $320.24, targeting $346.81 with support near $293.67 (R:R 1.0).
What is your outlook on JPM?