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JPMorgan Chase & Co., Elliot Wave Analysis

12/14/2022 10:03 AM

A fall is possible.

On the daily chart, a downward correction develops as the wave 4, within which the wave (А) of 4 formed, and a local correction ended as the upward wave (B) of 4. Now, the development of the wave (C) of B has started, within which the first wave of the lower level 1 of (C) is developing. 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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