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Elliott Wave Trade Signal Update for US Banks C BKH.A and JPM 25 July 2018

Elliott Wave Trade Signal Update for US Banks C BKH.A and JPM 25 July 2018

NYSE-C-JPM-BK-A_Trad...

Elliott Wave Trade Signal Update for US Banks C BKH.A and JPM 25 July 2018

Today we are simply looking at some large corrections in the US markets. Markets are trends and corrections of different degrees and the three daily charts of banks JPM, C, BKH.A, all have similar bullish corrective patterns that are now completed, and the next trends up are underway.

01. Citigroup Inc NYSE: C
Daily Chart 25 July 2018

Technical Analysis Elliott Wave and TradingLevels

Elliot Wave count ABC corrective can be completed, finding support on the MediumLevel (ML65) it's a MediumLevel as it's the 50% between two Major TradingLevels 50 and 80.

If this corrective pattern ABC is completed, then we should see new highs.

C-NYSE_Trade-Signal-...

 

02. JPMorgan Chase & Co. NYSE: JPM
Daily Chart 25 July 2018
Technical Analysis Elliott Wave and TradingLevels

Elliot Wave count is much the same as Citi and in this case we have a more defined impulse wave from the low of Wave C this helps confirm the bullish trend upwards

JPM-NYSE_Trade-Signa...

 

03. Berkshire Hathaway Inc. Class A  NYSE: BRK.A
Daily Chart 25 July 2018

Technical Analysis Elliott Wave and TradingLevels

The orange line is a Major TradingLevel (TL3) it is the balance point for the correction, so tested support on this level will support further upside.  The Elliott Wave ABC correction is the same as the US banks, which is interesting within itself.

BKH-NYSE_Trade-Signa...


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STOCKS: USA

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Trade Signals, Stocks, USA Stock CFD Trading

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