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JPMorgan Chase & Co., Elliot Wave Analysis

11/30/2022 10:18 AM

A fall is possible.

On the daily chart, the third wave of the higher level 3 ended, and a downward correction is developing as the wave 4, within which the wave (А) of 4 has formed. Now, a local correction has ended as an upward wave (B) of 4, within which the wave C of (B) has formed, and the development of the wave (C) of B is starting. If the assumption is correct, the price of the asset will fall to the area of 100.57–91.35. In this scenario, critical stop loss level is 139.10.

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