JPMorgan Chase & Co. (JPM) – Daily Timeframe Technical AnalysisJPMorgan Chase & Co.BATS:JPMIbrahimTarekAnalysis Date: 24 February 2026 Current Price at Time of Analysis: 297.67 Technical Structure JPM has formed a clear Head & Shoulders topping pattern on the daily timeframe: Left Shoulder: ~318–320 Head: ~335–338 Right Shoulder: ~323–326 Neckline support: rising trendline now breaking down Price is currently trading below the right shoulder resistance, indicating weakening bullish momentum and increasing downside pressure. Primary Bearish Move 🎯 First Downside Target: 264 – 259 This zone represents: Major horizontal support Previous consolidation base Strong demand area A continuation move lower toward 264–259 is technically justified following the topping structure breakdown. Corrective Rebound Scenario After reaching the 264–259 demand zone, a technical rebound is likely. 🔄 Potential Pullback Zone: 292 – 302 This area serves as: Previous support turned resistance Supply zone Lower high structure area A corrective rally into 292–302 would be considered a retest of broken structure rather than a bullish reversal. Continuation Bearish Scenario If price rejects from 292–302, the broader pattern suggests: Resumption of downside pressure Continuation toward deeper corrective levels Potential measured move completion of the Head & Shoulders The 292–302 zone is therefore a key decision area. Invalidation Level Stop Loss: Above 326 A sustained move above 326 would invalidate the bearish structure and cancel the Head & Shoulders scenario. Summary Outlook Short-term bias: Bearish toward 264–259 Expected reaction: Technical rebound toward 292–302 Medium-term bias: Bearish continuation if rejected from 292–302 Invalidation: Above 326