JPM Elliott Wave Analysis Trading LoungeJPMorgan Chase & Co., () Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5DIRECTION: Upside in 5 of (5).DETAILS: Looking for continuation higher into wave 5 as we could be headed towards the next TradingLevel at 300$. If we manage to find support on top of MG1 above 230$ we could see continuation higher.JPMorgan Chase & Co., (JPM) 1H ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (c) of {ii}.DIRECTION: Bottom in wave (c).DETAILS: Looking for a bottom in wave (c) as we are approaching equality of (c) vs. (a) at 236$.This Elliott Wave analysis for JPMorgan 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*The daily chart suggests that Minor wave 5 is in progress, with the stock looking to continue its upward momentum in wave 5 of (5). If support is found above $230 in MG1, we could see further upside towards the next significant TradingLevel at $300. The bullish structure remains intact as long as support holds above this level.* JPM Elliott Wave Technical Analysis – 1H Chart*The 1-hour chart shows JPM nearing the end of wave (c) of {ii}, with the stock approaching the equality of (c) vs. (a) at $236. Once this correction completes, we could expect a reversal and the resumption of the bullish trend into the next impulsive wave.Technical Analyst : Alessio BarrettaMore By This Author:
Elliott Wave Technical Analysis: JPMorgan Chase & Co. – Monday, Dec. 16
