JPM Elliott Wave Analysis Trading LoungeJP Morgan & Chase Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 3 of (5).DETAILS: Looking for upside into wave 5. The conservative view suggests we could have a top in place in wave 5 at 250$. It’s possible we will see an extension in wave {v} towards TradingLEvel3 at 300$.
JP Morgan & Chase Co., (JPM) 1H ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (ii) of {v}.DIRECTION: Upside into wave (iii).DETAILS: Looking for completion in wave (ii) with another leg lower to then resume higher towards wave (iii) of {v}.
This Elliott Wave analysis for JP Morgan & Chase Co., (JPM) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory to anticipate potential future movements.* JPM Elliott Wave Technical Analysis – Daily Chart*JPM is in the process of advancing within wave 5 of (5). While there is a possibility that wave 5 could have already topped near $250, a more bullish scenario suggests an extension of wave {v}. If this happens, the price could rally toward TradingLevel3 at $300. The longer-term view supports continued upside, but caution is warranted around the $250 level.* JPM Elliott Wave Technical Analysis – 1H Chart*On the 1-hour chart, JPM is completing wave (ii) of {v} and is expected to make another leg lower to finish this corrective move. Once wave (ii) completes, the stock is anticipated to resume higher, entering wave (iii) of {v}, targeting a move above $250 in line with the longer-term outlook.Technical Analyst : Alessio BarrettaMore By This Author:Dogecoin Crypto Price News Today – Elliott Wave Technical Analysis
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