JPMorgan Chase (JPM) | 3W Chart
“Momentum in motion.”
After a textbook bounce off the Fib 0.236 (220.38) and reclaim of the 0.382 (231.63), JPM is charging into the golden zone, currently hovering around the 0.5 level (240.72). With $243.55 on the board and a bullish 3-week candle, all eyes are now on the 0.618 (249.82) and ultimately the 0.786 (262.77).
Previous High: $279.23
Structure: Curved base forming, signaling accumulation.
🧠 Psychology: Dip buyers stepping in, confirming demand zone.
If volume and macro conditions align, this setup could turn into a multi-quarter expansion leg.