In our previous analysis published on March 11, we highlighted how JPMorgan Chase & Co. (JPM) was approaching a key support zone between 280 and 290, identifying it as an attractive area for a potential bullish reaction. Since then, the market has responded almost exactly as anticipated. JPMorgan is now seeing a strong recovery after completing only three waves down from the 340 highs, which is a constructive and bullish development. The fact that the decline unfolded in a clear three-wave structure suggests that the move was corrective rather than the start of a larger bearish trend. Adding to this bullish outlook, price has now broken out of the corrective channel, confirming that the pullback was temporary. The reaction from the February 2025 high—which acted as support—further reinforces the idea that buyers have stepped back in with conviction. With the correction likely complete, the technical picture now points toward a continuation higher. Under typical wave structure behavior, a completed A-B-C correction within a broader trend is often followed by a push toward previous highs. In this case, that places focus on a retest of the 338 area, with potential for even further upside if a fifth wave extension develops. The 300 level now stands out as an important support zone, offering a potential area of interest for buyers on dips. Highlights Three-wave pullback completed, confirming a corrective move Breakout from corrective channel signals a bullish shift Upside continuation expected, with a retest of highs in focus Support on pullbacks around 300 Earnings on April 14 acting as a potential catalyst

Current Price: 308.28 (Analysis was generated on Monday Morning) Direction: LONG Confidence level: 45%(Very limited direct trader commentary in the snippets, but collective trader discussion indicates large financial stocks like JPM are not attractive short candidates. Price is also sitting near $305 support which favors a bounce setup.) Targets Target 1: 312.00 Target 2: 318.00 Stop Levels Stop 1: 305.00 Stop 2: 302.00 Key Insights: Here's what's driving this setup. The main trader commentary in the professional analysis suggests that aggressively shorting large financials—JPM included—doesn't make much sense in the current market environment. Several traders pointed out that even when financials lag on certain days, it doesn’t automatically translate into a breakdown across the sector. Another factor I'm watching is the positioning of the price relative to support. JPM is trading just above the $305 level, which lines up closely with recent swing lows and short-term moving averages. When a stock holds this kind of support after a pullback, traders often look for a rebound toward nearby resistance. What's interesting is that sentiment in broader news flow leans constructive. Analyst upgrades and discussions around JPM’s AI-driven initiatives are starting to build a narrative that could attract buyers on dips. That kind of backdrop often supports short-term bounce trades. Recent Performance: JPM has been pulling back slightly over the past sessions, currently sitting at $308.28 after dropping about 1% in the latest session. Volume has been lighter than average, which usually suggests the move lower isn't driven by strong institutional selling. Price has stayed above both the 50‑day trend area and the broader long-term moving average region around $300, which tells me buyers are still defending the larger trend. Expert Analysis: This move has traders talking. Several professional traders highlighted that while sectors rotate—technology up one day, financials down the next—it doesn't automatically signal a structural decline in banks like JPM. The collective trader view suggests these pullbacks often create opportunities rather than breakdown setups. From a technical perspective, the chart structure still favors a bounce if $305 holds. That's the level traders are watching closely. If buyers step in there again, the next logical magnet becomes the $312 area, followed by the stronger resistance zone around $315–$318. That range has capped price recently and would likely attract profit-taking. News Impact: Recent news adds an interesting twist. Jamie Dimon’s reported share sale grabbed headlines, which can sometimes trigger short-term caution among traders. At the same time, analyst upgrades—such as Evercore raising its price target to $340—are pushing the longer narrative in the opposite direction. The market often reacts to these mixed signals with consolidation near support levels, which is exactly what we’re seeing now. Trading Recommendation: Putting it all together, I’m leaning LONG on JPM for a short-term rebound trade. The setup is straightforward: price is hovering near $305 support, downside momentum is limited, and the trader consensus suggests financials aren't attractive short candidates in this environment. I’d look for entries around the $307–$309 zone targeting $312 first and potentially $318 if momentum builds this week. Risk management matters here—if price breaks $305 and accelerates lower, the setup is invalidated, which is why stops sit just below that level.

Big Banking: 💉 Injecting Serious Money Ion Jauregui – Analyst at ActivTrades The capital repositioning of JPMorgan Chase toward Europe once again places the banking sector at the center of the global macroeconomic cycle. The U.S. bank would be expanding its financing roadmap toward $1.5 trillion, with a clear orientation toward Europe, focusing resources on industry, defense, energy, and strategic technology. This move is not isolated. It responds to an environment where the European economic cycle is being redefined under a clear vector: an accelerated reindustrialization and expansion of structural spending, partly indirectly driven by geopolitical reconfiguration and the increase in NATO spending. The direct consequence is a higher demand for corporate credit, project financing, and debt issuance. European banking as cycle infrastructure In this context, European banking ceases to be a defensive sector and becomes a vehicle for transmitting fiscal and industrial growth. Entities such as BNP Paribas, Deutsche Bank, and UniCredit go on to play a structural role: channeling capital toward defense, energy, and critical infrastructure projects. The change is relevant because it alters the nature of the sector: from financial margin and interest rates to direct intermediation of the public and private investment cycle. In other words, banking becomes once again the pipeline of European economic growth. JPMorgan Chase Analysis (Ticker AT: JPM) From a technical point of view, JPMorgan Chase maintains a clearly bullish structure in the medium-long term. The price preserves a consistent sequence of higher highs and higher lows, with no evidence of trend breakdown. Since July 2025 to date, the company has traded in a range from $278.95 to the all-time highs of $334.16. The current price is close to the Point of Control (POC), located around $304. The closing price yesterday was near $316. Since last Tuesday, a bullish moving average crossover has taken place and the price is currently supported on the 50- and 100-day moving averages, which makes this current move a test of previous monthly resistance zones. If these are broken, the stock will continue its expansion phase to retest historical highs. The stock continues operating in an expansion phase, suggesting that buying flow remains dominant as long as relevant dynamic supports (moving averages in weekly and monthly timeframes) are not lost. RSI is currently in slight overbought territory at 61.45%, and MACD confirms this upward trend although its histogram appears to have gradually lost strength. The ActivTrades US Market Pulse indicator shows an extreme risk-on situation, so distribution patterns could emerge with a gradual deterioration of the structural momentum of the current position. This reinforces the idea that the asset remains aligned with a positive financial cycle, in line with global credit expansion and the resilience of the U.S. banking sector, although a pause could occur around the highs area. If this scenario does not materialize, support levels are at $304, and if this impulse loses that level, the next supports are located at $278.95 and $266.96. Banking channels the capital entering Europe The market message is clear: capital does not only enter Europe, it is channeled through banking. And at this point in the cycle, banking ceases to be a traditional sector and becomes critical infrastructure for economic and industrial growth. The combination of balance sheet expansion, structural financing demand, and technical strength in major banks points to a scenario where the financial sector once again occupies the center of the board. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.

JPMorgan NYSE:JPM is the premier U.S. universal bank spanning consumer banking, investment banking, markets, wealth/asset management, and payments—built to compound through cycles via scale and diversification. Key Catalysts Retail footprint expansion (2026): JPMorgan plans to open 160+ new branches across 30+ states and renovate ~600 locations in 2026—strengthening deposits, lending, and local market share in fast-growth regions. Resilient earnings power: In its 2025 Annual Report, JPMorgan reported $182.447B total net revenue and $57.048B net income—elite profitability supported by its diversified engine. Net interest income remains a core driver: 2026 firmwide NII guidance has been discussed in the ~$103B–$104.5B range (including markets), reinforcing that the balance sheet can still generate large recurring income even as the rate cycle evolves. Investment Outlook Bullish above: $255–$260 Upside target: $380–$390 — supported by branch-led deposit growth, durable NII, and best-in-class profitability/scale.

Executive Summary: Margin of safety verdict: JPMorgan appears to be a superb franchise trading near or above conservative intrinsic value estimates; without a clear discount to normalized earnings power, the investment case lacks a traditional value margin of safety. JPMorgan Chase sits at the very top of global banking. With more than $4 trillion in assets and leading positions across consumer banking, capital markets, payments infrastructure, and wealth management, the company operates a financial platform of extraordinary scale. In 2025 the bank produced roughly 17 percent return on equity and maintained a net profit margin near 34 percent, profitability levels that have rarely persisted for long in banking history. Quality is not really the debate. Few investors argue with the idea that JPMorgan is likely the strongest bank franchise in the world. The real question, especially for value investors, is price. The stock trades around $300 per share, a valuation that assumes profitability close to current levels can endure structurally. If today’s environment turns out to represent peak-cycle economics rather than a durable baseline, the margin of safety becomes thin. One Stock, Dozens of Voices: This analysis does not rely on a single viewpoint. CrowdWisdom aggregated 24 independent sources for JPM (20 financial research articles (web); 1 live market intelligence feeds; 2 prior CrowdWisdom analysis snapshots (internal archive); 1 verified financial data checks (Yahoo Finance)) and distilled the shared thinking: where traders, investors, and researchers broadly agree, where their views diverge, and what the market might be overlooking. Those conclusions were then pressure-tested by comparing opposing interpretations: a bullish case, a bearish case challenging the consensus, and a review of how much optimism is already embedded in the current price. Financial metrics were cross-checked against live market data. What follows highlights the areas of agreement, the fault lines in opinion, and whether the stock offers a meaningful margin of safety at current levels. Business Quality and Moat Durability: JPMorgan’s competitive moat comes from an unusual combination of scale, regulatory barriers, financial infrastructure, and brand trust. The first advantage is its deposit franchise. The bank holds trillions of dollars in consumer and corporate deposits, providing a stable and extremely low-cost funding base. Smaller banks and fintech lenders cannot easily replicate this structure. Many rely on wholesale funding or higher-cost capital markets financing. Cheap deposits translate directly into stronger lending spreads. The second advantage is regulation. JPMorgan is designated a global systemically important bank. That designation carries heavy compliance obligations and capital requirements, but it also creates a formidable barrier to entry. Building a bank capable of operating simultaneously in retail banking, trading, payments infrastructure, and custody would require regulatory approvals and capital well beyond the reach of most potential competitors. Third is the payments and treasury network. Corporate clients integrate payroll, settlement, trade finance, and liquidity management directly into JPMorgan’s global systems. Once embedded, switching becomes costly and operationally disruptive. Payments infrastructure tends to reinforce itself as scale attracts additional clients. A fourth advantage often appears during financial stress. In times of uncertainty, deposits historically migrate toward the largest institutions perceived as safest. JPMorgan has repeatedly used these periods to expand market share, often by acquiring distressed institutions. Moat trajectory verdict: stable with elements of widening. Regulatory barriers and sustained technology investment reinforce JPMorgan’s position, although fintech competition in payments and consumer lending continues to evolve. Return on Invested Capital (ROIC): For banks, traditional ROIC measures are less informative than return on equity and return on tangible common equity. JPMorgan reported roughly 17 percent ROE in 2025. With a cost of equity near 9 to 10 percent, the bank continues to generate substantial economic profit. The deeper compounding engine has been tangible book value growth. In recent years tangible book value per share has increased roughly 10 to 11 percent annually. That growth reflects retained earnings being reinvested at attractive returns. The question is whether incremental returns remain as strong. Banking is becoming increasingly technology intensive. JPMorgan spends billions each year on artificial intelligence systems, fraud detection, cybersecurity, and digital payments infrastructure. Because these costs are recorded as operating expenses rather than capital expenditures, the incremental return on that spending is difficult to observe directly. Revenue growth has slowed to about 6.9 percent annualized over the past two years compared with a roughly 8.6 percent five year growth rate. If technology spending continues to rise faster than revenue, incremental returns could gradually compress even while reported ROE remains high. Quality of Earnings: Free cash flow metrics can be misleading when applied to banks because deposits and lending activity dominate cash flow statements. Recent figures illustrate this dynamic. Reported free cash flow turned sharply negative in 2024 after being strongly positive the year before. Quarterly readings have also fluctuated around zero. These swings mainly reflect balance sheet changes and capital returns rather than underlying operational weakness. A more reliable gauge is whether accounting profits translate into tangible book value growth and distributable capital. On that measure JPMorgan performs well. Tangible book value per share increased roughly 11 percent year over year, while the bank returned tens of billions of dollars to shareholders through dividends and share repurchases. Even so, caution is warranted. Bank earnings can deteriorate quickly during credit cycles. High profitability today does not guarantee similar results during a recession. Capital Allocation Scorecard: Dividends: JPMorgan raised its dividend roughly 7 percent to about $5 per share annually. The payout has grown steadily over time while remaining comfortably covered by earnings. Buybacks: Share repurchases reached approximately $31.6 billion in 2025, a significant increase from the prior year. Over the past decade the bank has materially reduced its share count, increasing per share value. Acquisitions: Historically disciplined and opportunistic. The bank has a long record of acquiring distressed institutions during crises, strengthening its long-term competitive position. Technology investment: The bank continues to spend heavily on digital infrastructure, cybersecurity, and payments technology. These investments help defend the franchise but may limit operating leverage if expenses rise faster than revenue. Overall capital allocation verdict: strong and disciplined, although aggressive buybacks executed near peak profitability could prove poorly timed if earnings normalize downward. Customer and Revenue Concentration: Unlike many technology companies, JPMorgan benefits from extremely diversified revenue streams. Millions of consumer accounts and thousands of corporate relationships contribute to a broad income base. No single customer represents a meaningful share of revenue. However, sector exposure can still create hidden concentrations. Consumer credit cards, commercial real estate lending, and certain fintech partnerships can produce clustered losses during downturns. A recent example involved a multibillion dollar reserve tied to a credit card partnership transition, demonstrating how even isolated relationships can temporarily affect earnings. Management Alignment: JPMorgan’s leadership credibility is closely associated with CEO Jamie Dimon, who has guided the institution through multiple economic cycles and financial crises. Institutional investors dominate the shareholder base, including Vanguard, BlackRock, and State Street. Insider ownership is relatively modest, which is typical for large financial institutions, though executive compensation remains tied to long term performance metrics. Recent insider transactions show modest share sales by senior executives. These appear routine rather than indicative of concern. Overall management alignment appears adequate for a bank of this scale. 10-Year Durability Test: Forecasting the banking industry a decade ahead is generally easier than forecasting most technology sectors. Regulation tends to create relatively stable competitive boundaries. Still, several structural forces could reshape the landscape. The first is regulatory pressure. Capital requirements under global banking frameworks continue to evolve. Higher required capital ratios could gradually reduce returns on equity. Second is technological disruption. Fintech lenders, digital wallets, and real time payment networks are attempting to bypass traditional banking infrastructure in certain areas. Third is the emergence of digital money infrastructure. Stablecoins, tokenized deposits, and central bank digital currencies could eventually change how money moves across the financial system. JPMorgan appears well aware of these developments and has invested heavily in digital payments technology and blockchain-based settlement infrastructure. Rather than resisting innovation, the bank has largely tried to incorporate emerging financial technologies into its own platform. Predictability verdict: relatively high compared with most industries. Earnings are cyclical, but the competitive structure for large global banks remains fairly stable. Multi-Year Thesis (3 to 7 years): Base Case Scenario Probability: 50 percent Assumptions: ROE gradually normalizes from 17 percent toward roughly 14 percent Revenue grows about 5 to 6 percent annually Tangible book value compounds near 9 percent per year Valuation remains close to current banking multiples Estimated intrinsic value in five years: approximately $330 to $350 per share. Bull Case Scenario Probability: 25 percent Assumptions: ROE remains structurally high near 16 to 17 percent Payments, asset management, and wealth divisions expand margins Technology spending creates operating leverage Capital returns remain strong through dividends and buybacks Estimated intrinsic value in five years: roughly $400 to $420 per share. Bear Case Scenario Probability: 25 percent Assumptions: ROE falls toward a normalized banking range of 11 to 12 percent Interest rate tailwinds fade and net interest margins compress Credit losses increase in consumer lending or commercial real estate Market valuation compresses toward sector averages Estimated intrinsic value: roughly $240 to $260 per share. Weighted expected intrinsic value across scenarios: approximately $330 per share. Margin of Safety Verdict: With the stock trading near $300 to $310, the weighted intrinsic value estimate leaves little margin of safety. Value investors typically look for at least a 20 percent discount to conservative intrinsic value estimates. At current prices, investors are effectively assuming continued mid teens returns on equity. Without that assumption, the valuation quickly becomes less appealing. The investment case therefore resembles admiration for an outstanding business rather than a classic value opportunity. Peak Margin Stress Test: JPMorgan’s current net profit margin near 34 percent appears elevated compared with long term banking norms. Suppose margins revert toward roughly 21 percent while ROE falls toward 12 percent during a typical credit cycle. Under this stress scenario: Earnings decline materially due to lower spreads and higher credit costs. Valuation multiples compress toward typical banking ranges around 11 to 12 times earnings. Combined earnings contraction and multiple compression could reduce equity value by roughly 25 to 40 percent from current levels. This is not a forecast, but a reminder that bank profitability is cyclical and closely tied to macroeconomic conditions. Valuation Framing: Several valuation approaches offer perspective. Excess returns models assuming sustained ROE around 16 to 17 percent produce intrinsic value estimates between roughly $365 and $394 per share. These models assume JPMorgan remains structurally more profitable than the broader banking sector. Relative valuation suggests a slightly different picture. JPMorgan trades at a premium earnings multiple compared with many banking peers. Investors appear willing to pay that premium because the bank consistently outperforms competitors. A normalized profitability framework using mid cycle ROE around 11 to 12 percent produces intrinsic value estimates closer to $240 to $260. The gap between these valuations captures the core debate: whether today’s profitability represents a durable structural advantage or a cyclical high point. Perception vs Reality: Perception: JPMorgan is a permanently superior bank capable of compounding value at high rates indefinitely. Reality: The franchise is exceptional, but profitability still depends on interest rates, credit cycles, and regulatory capital requirements. Why This May Be Misunderstood: Recent profitability has benefited from favorable macro conditions, particularly higher interest rates that expanded net interest margins. Investors sometimes extrapolate those conditions too far into the future, overlooking how quickly margins can compress if rates fall or deposit competition intensifies. Three Measurable Things to Watch Next Quarter: Net interest income trajectory and deposit cost trends. Credit loss provisions, particularly within consumer credit cards and commercial real estate portfolios. Tangible book value per share growth, which remains the clearest indicator of long term compounding. Historical Conviction Drift: Historical commentary across market archives shows that financial stocks periodically fall out of favor during periods of economic uncertainty before stabilizing. JPMorgan has repeatedly emerged from these periods stronger than its peers, reinforcing its reputation as the premier franchise in global banking. Over time this has shifted investor perception from viewing the company as merely another cyclical bank toward treating it as a structural compounder. Whether that perception holds will depend on the durability of its return on equity. Disconfirming Evidence: The strongest argument against owning JPMorgan today is the possibility that current profitability reflects peak-cycle conditions. If interest rates move lower while credit losses rise, earnings could decline sharply. Because the stock already trades near fair value under optimistic assumptions, falling earnings could be accompanied by valuation compression. That combination could produce meaningful downside even if the underlying franchise remains strong. Risks: Credit cycle deterioration affecting consumer lending or commercial real estate portfolios. Regulatory capital increases that limit share repurchases and dividends. Technological disruption in payments and financial infrastructure. Cybersecurity failures that undermine trust in digital banking platforms. Political pressure targeting large banks through taxes, regulation, or interest rate caps on credit products. Summary: JPMorgan Chase is arguably the strongest banking franchise in the world. Its scale, regulatory moat, diversified operations, and disciplined management have produced returns on equity consistently above the cost of capital. The bank continues to compound tangible book value while returning substantial capital to shareholders through dividends and buybacks. But investment results depend not only on business quality, but also on the price paid. At levels near $300 per share, the stock appears fairly valued relative to normalized earnings assumptions. For investors with long horizons who believe JPMorgan can sustain mid teens profitability, the company may continue to compound value. For strict value investors seeking a meaningful margin of safety, waiting for a more attractive entry point may be the more disciplined approach. Data Snapshot: Metric: Current Price | Value: about $302.74 Metric: Value Current Price (JPM): $309.87 Market Capitalization: $835.73 billion Shares Outstanding: 2,682,219,629 Trailing P/E: 15.48x Forward P/E: 13.26x Enterprise Value (EV): $594.06 billion EV/EBITDA: N/A Revenue (TTM): $168.24 billion Gross Margin: 0.00% Operating Margin: 41.06% Free Cash Flow (FCF): N/A FCF Yield: N/A 52-Week Range: $226.34 to $337.25 Sector: Financial Services Industry: Banks - Diversified References: This analysis reviewed approximately 816 article sources and 0 video transcripts. 1. CNBC, JPMorgan Chase Q4 2025 Earnings 2. www.cnbc.com 3. Yahoo Finance, JPMorgan Chase Earnings Preview: What to Expect 4. finance.yahoo.com 5. MacroTrends, JPMorgan Chase Operating Margin Historical Data 6. www.macrotrends.net 7. Yahoo Finance, JPMorgan Key Statistics 8. finance.yahoo.com 9. MacroTrends, JPMorgan Free Cash Flow Historical Data 10. www.macrotrends.net 11. JPMorgan Investor Relations, First Quarter 2026 Earnings Call Announcement 12. www.jpmorganchase.com 13. MarketWatch, JPMorgan Balance Sheet Data 14. www.marketwatch.com 15. StockTitan, JPMorgan Financials and Capital Return Data 16. www.stocktitan.net 17. MarketBeat, JPMorgan Insider Trades 18. www.marketbeat.com 19. Yahoo Finance, JPMorgan Institutional Holders 20. finance.yahoo.com 21. Strategy Transforml, JPMorgan Strategy Cascade Analysis 22. strategy.transforml.co 23. MatrixBCG, JPMorgan Competitors Analysis 24. matrixbcg.com 25. Reuters, JPMorgan Maintains 2026 Expense Outlook and ROTCE Target 26. www.reuters.com 27. Investopedia, Analyzing Porter’s Five Forces for JPMorgan Chase 28. www.investopedia.com 29. Yahoo Finance, JPMorgan Chase & Co (JPM) A Bull Case Theory 30. finance.yahoo.com 31. Yahoo Finance, Is JPMorgan Chase & Co (JPM) A Good Stock To Buy Now 32. finance.yahoo.com 33. Yahoo Finance, Assessing JPMorgan Chase Valuation After Recent Share Price Pullback 34. finance.yahoo.com 35. Yahoo Finance, Is It Too Late to Consider JPMorgan After Its Strong Multi Year Share Price Rally 36. finance.yahoo.com 37. Yahoo Finance, Andreas Halvorsen's Strategic Moves: A Closer Look at JPMorgan Chase & Co Reduction 38. finance.yahoo.com 39. Reddit r/ValueInvesting discussion: JPM $310 one time Apple hit political noise discount 40. www.reddit.com Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making investment decisions.

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. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Price is reacting to a key zone: - Corrective channel - Horizontal support - EW vave 4 Best regards

JPM has been correcting along with the entire market. Now trying to bounce at key support zone at $283.17-285.08 Need to see a strong bounce here to start the recovery process. .

Banks tend to move first when liquidity conditions shift, and right now JPMorgan Chase is sitting at a level that could determine the next directional move for the sector. With uncertainty around rate cuts and pressure in private credit, I’m watching this closely. ⸻ Technical Setup (The Strat + Structure): • Price is approaching a key support/resistance zone • Potential scenarios: • Bullish continuation: Break and hold above resistance • Rejection: Failure at level → downside move This is where patience matters—let price confirm. Trade Plan: 📈 Bullish Scenario • Entry: Break above $294.04 • Target: $300.93 • Stop: Below recent low 📉 Bearish Scenario • Entry: Rejection at $279.74 • Target: $260 • Stop: Above resistance Why This Matters: If JPM breaks down, it could signal broader weakness across financials and even impact overall market sentiment. If it holds and pushes higher, that’s strength in a key sector. Disclaimer: This is for educational purposes only and not financial advice. I am sharing my personal trading ideas and process. Always do your own research and manage your risk.

Technical Analysis Overview On the 1H timeframe, JPM has shown a significant reaction after tapping into the Demand Zone (blue box) near the $284.00 - $288.00 level. After clearing the sell-side liquidity at the Weak Low, we are seeing a strong bullish impulse. Key Technical Points: Liquidity Purge & Reaction: The price successfully swept the liquidity below the previous swing lows and found strong buying interest in the primary demand area. Market Structure: We have seen a clear CHoCH (Change of Character) on the internal structure. The current price action suggests that the bearish momentum is exhausted, and a new bullish trend is forming. Path of Least Resistance: I expect the price to follow a zig-zag recovery pattern, potentially retesting the $308.00 minor supply area before continuing its move toward the major liquidity pools above. Primary Target: My main objective is the Strong High and the Supply Zone (red box) at the $324.00 - $326.00 range. Beyond that, the unmitigated gaps near $332.00 remain long-term targets. Trading Strategy: Bias: Bullish Target Levels : $310.00 (Partial TP), $324.00 (Main Target). Invalidation: A break and close below the Weak Low ($278.00) would invalidate this bullish thesis. Disclaimer: This is an analysis of market structure and not financial advice. Always manage your risk properly, especially with banking sector volatility.