JP Morgan & Chase Co. (JPM) Elliott Wave Forecast - Tradinglounge Daily Chart

JP Morgan & Chase Co. (JPM)  Daily Chart Analysis

JP Morgan & Chase Co. (JPM) Elliott Wave Forecast

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {v} of 3

DIRECTION: Upward move in wave {v}

DETAILS: JP Morgan stock (JPM) is trading within MinorGroup2, around the $265 level. A bullish continuation appears likely, targeting the $280 region. This stage likely represents the final leg of wave {v} of 3, potentially preceding a broader market correction.

JP Morgan & Chase Co. (JPM) Elliott Wave Forecast - Tradinglounge 1-Hour Chart

JP Morgan & Chase Co. (JPM) 1H Chart Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (iv) of {v}

DIRECTION: Upward continuation into wave (v)

DETAILS: On the intraday chart, JPM is developing wave (iv) of {v}, suggesting further upside to complete wave (v). This would finalize the internal 5-wave pattern and confirm the daily bullish Elliott Wave structure.

Technical Analyst: Alessio Barretta

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