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 JPM Elliott Wave Analysis Trading Lounge Daily ChartJPMorgan Chase & Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive  POSITION: Wave 3 of (3).DIRECTION: Upside in wave 3.  DETAILS: We are looking at a 1-2-1-2  from the 100$ lows, which seems to be confirmed by the steepness of the upside into what is now wave 3. Alternatively, we had a flat correction in wave (2) and it ends where Minor wave 2 currently is.JPM Elliott Wave Analysis Trading Lounge 4Hr ChartJPMorgan Chase & Co., (JPM) 4Hr ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {iii}DIRECTION: Looking for upside in wave (v).  DETAILS: We are targeting TL2 at 200$ as a wave {iii} target, the increasing volume could suggest sellers are entering the market, looking for 200$ to be reached first.  Welcome to our JPM Elliott Wave Analysis Trading Lounge, your go-to source for insights into JP Morgan Chase & Co. (JPM) using Elliott Wave Technical Analysis. Let’s dive into the market dynamics as of the Daily Chart on 21st March 2024.* JPM Elliott Wave Technical Analysis – Daily Chart*Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave 3 of (3). The direction points to upside momentum in wave 3. We observe a potential 1-2-1-2 pattern originating from the $100 lows, supported by the steepness of the upside movement into the current wave 3. Alternatively, we consider the possibility of a flat correction in wave (2), ending at the level of Minor wave 2.* JPM Elliott Wave Technical Analysis – 4Hr Chart*Here, we identify a trending function marked by impulsive mode and motive structure, positioned in Minute wave {iii}. The direction suggests anticipation of upside movement in wave (v). We set our sights on TL2 at $200 as the target for wave {iii}, with increasing volume indicating potential seller activity entering the market. We anticipate the $200 level to be reached first before assessing further market developments.Technical Analyst : Alessio BarrettaMore By This Author:Cocoa Commodity Analysis & Elliott Wave Technical Forecast
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