JP Morgan (JPM) - Bullish Reversal & Market Structure Shift

Wait 5 sec.

JP Morgan (JPM) - Bullish Reversal & Market Structure ShiftJPMorgan Chase & Co.BATS:JPMoademirciTechnical 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.