JP MORGAN Channel Down topped. Sell Signal.

TradingView2026/04/16 21:15

By:TradingView

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JP Morgan Chase (JPM) has been trading within a Channel Down since its January 05 Top. Yesterday the price hit the top (Lower Highs trend-line) of this pattern and gave a strong Sell Signal.

With the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) having already formed a 1D Death Cross, this amplifies the sell opportunity, which can technically do another -0.382 Fibonacci test.

Since however this time the 1W MA100 (red trend-line) is in between, the Target should be that Support, and we expect it to be at $270.

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JP MORGAN Channel Down topped. Sell Signal.

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