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JPMorgan Chase & Co., Elliot Wave Analysis
8/10/2022 12:26 PMGrowth is possible.
On the daily chart, the third wave of the higher level 3 ended, and a downward correction develops as the wave 4. Now, the wave (А) of 4 has formed, and the wave (B) of 4 has started, within which the wave A of (B) is developing. If the assumption is correct, the asset will grow to the area of 131.55–139.45. In this scenario, critical stop loss level is 105.97.
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