JPMorgan Nasdaq Equity Premium Income ETF – JEPQ Elliott Wave technical analysis [Video]

Jpmorgan nasdaq equity premium income etf – jepq (1d) elliott wave technical analysis

Sunny chart

• Function: Main trend.

• Mode: Motivation.

• Structure: Impulse.

• Position: Wave 3.

• Directions: Rally.

Details:

• The Bullish trend It remains intact and is still in early development.

• The Rally Must exceed the level of $ 58.54, fully confirm the presence of the third wave.

• Signs of an extension to the wave [iii] suggest potential for a prolonged rally before dealing with a [iv] Correction.

• The $ 47.14 The support level is critical for any potential pullback.

Invalidation Level: $ 44.40

JPMORGAN NASDAQ EQUITY PREMIUM INCOME ETF-JEPQ (FOUR-HOUR) Elliott Wave Technical Analysis

Time -Reason chart

Details:

• The Rally It is expected to continue, with a gap-up that can occur.

• Confirmation of the wave [iii] Arrived with the $ 50.85 breakout.

• We look forward to a strong momentum flow, as the third of the third wave discharges. The rally can encounter resistance around the level of $ 57.11.

• Any falling below $ 49.00 will be a significant concern.

Invalidation Level: $ 47.15

Conclusion

The elliott wave review summary indicates:

• JEPQ is currently presenting in Wave 3, suggesting a stronger momentum ahead.

• A space is likely, and the rally can exceed the $ 57.11 marker.

• Entrepreneurs must comply with the Elliott wave principles and monitor incorrect raids levels to reduce risk.

Jpmorgan nasdaq equity premium income etf – jepq elliott wave technical analysis [Video]