Short JPM on neckline break or bounce; target ~10.5% drop to June 3rd gap.

Next here is JPM stock. Now, do you see the model? Head and shoulders model? Because this will be Plan B. Well , there's a very clear pattern , isn't there? The head and shoulders pattern has not yet formed.

But it takes shape clearly here, and that's why I love it so much, isn't it? You have this good template here.

Now, the right shoulder should land. But what if it crashes next week? I think it's a good sale deal. In addition, we can look historically at how JPM has interacted with head and shoulders patterns using this model , right?

There was a beautiful head and shoulders pattern here. If we measure the distance from the head to the neckline. That's a measured move of about 5.6%, and you can see that JPM's stock ended up falling, achieving that measured head and shoulders movement, and even going slightly below it .

Therefore, we need to do the same thing with the current head and shoulders model.

Where does the measured movement of this head and shoulders pattern lead in JPM? Now, the question is, it depends on where the breach will ultimately end up. But let's assume it breaks through here, the measured movement might be down by about 10.5%, and do you know where that percentage matches exactly?

With this beautiful price gap closed since June 3rd.

I always like it when my targets align with support or resistance levels, as this makes me feel more comfortable with the deal because there are two factors supporting my decision.

Um, this makes me feel like the price might actually get there . So, my second deal, my second plan and my second trade is to short sell JPM when the neckline is broken or when it returns to it after a drop, just like what happened with Bitcoin, we are trading on the bounce.

You can trade JPM in the same way on a breakout or on a bounce.