Recently,JPMorgan Case & Co. (JPM) looked like it completed a head and shoulders pattern and was heading into more bearish correction. However, price action since then shows that it may be ready to continue the prevailing uptrend instead of extending the bearish correction.JPM Daily Chart(click to enlarge)Bullish Continuation Signal:- First of all, note the head and shoulders pattern on the daily chart. - Note that price broke below the neckline around 83. - However, price barely tagged 82 before JPM rebounded sharply. - Now, we can consider this a failed bearish breakout, which suggests bulls are back in charge. - Also, price breaking above a falling channel resistance is another bullish continuation signal. - It looks like the 94 high is in sight again, especially since the trend was bullish entering 2017.