Jpm elliott wave technical analysis
Details:
The JP Morgan (JPM) appears to have completed Wave 2, which sets the path for further upside down within the wave 3 of the main wave (5). The focus is now on reach Tradinglevel3 In $ 300with expectations of ongoing bullish momentum in advance of wave 3.
Jpm elliott wave technical analysis
Details:
In the 1-hour chart, JPM is close to completing the wave {II} of 3, which sets the stage for a possible strong third-of-a-third rally. Alternatively, there is a minor chance that price action is within the wave (IV) of {i}. Despite the alternate view, the bullish structure remains intact, favors a move higher once the current correction stage ends.
Summary of the market
Elliott's wave review for JP Morgan & Chase Co. (Jpm) Cover both daily and 1-hour charts, offering a detailed view of the ongoing market trend through the theory of the Elliott Wave. It projects the next potential bullish transfer while recognizing possible short-term alternatives.
JP Morgan & Chase Co (JPM) Elliott Wave Technical Analysis [Video]
