JP Morgan & Chase Co. (JPM) Elliott Wave Analysis - Trading Lounge Daily Chart
JPM Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Minor wave 5
Direction: Upside in 3 of (5)
Details: The analysis suggests continued upward momentum into wave 5. A conservative outlook indicates a possible top for wave 5 near $250, though an extension toward TradingLevel3 at $300 remains plausible if wave {v} extends.
JPM Elliott Wave Technical Analysis – Daily Chart
JP Morgan & Chase Co. (JPM) is advancing in wave 5 of (5). While there is a possibility that wave 5 has already peaked around $250, a more bullish projection highlights the potential for an extension in wave {v}. If this scenario unfolds, the stock could rally further, targeting TradingLevel3 at $300. While the long-term trajectory favors continued upside, traders should exercise caution near the $250 resistance level.
JP Morgan & Chase Co. (JPM) Elliott Wave Analysis - Trading Lounge 1H Chart
JPM Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (ii) of {v}
Direction: Upside into wave (iii)
Details: The 1-hour chart indicates that JPM is in the final stages of wave (ii). A short-term corrective leg lower is expected to complete wave (ii) before resuming upward momentum into wave (iii) of {v}.
JPM Elliott Wave Technical Analysis – 1H Chart
On the 1-hour chart, JPM appears to be concluding wave (ii) of {v}, suggesting a temporary pullback is likely. Once this correction completes, the stock is expected to rally higher, advancing into wave (iii) of {v}, with targets above $250. This aligns with the longer-term bullish outlook, which suggests further upside potential in the current trend.
Technical Analyst: Alessio Barretta
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