A Rising Wedge Pattern Signals Reversal for This Stock
JP MORGAN CHASE(JPM) MarketBeat·2024-07-12 22:11
JPMorgan Chase & Co. TodayJPMJPMorgan Chase & Co.135.19▼198.61Add to WatchlistJPMorgan Chase & Co. NYSE: JPM shows a Rising Wedge Pattern. Like all technical patterns, it is never 100% correct but often signals a bearish reversal in the underlying market. A rising wedge occurs at the end of an uptrend and consists of two rising but converging trend lines that end at a peak. The question is which way the market will bre ...