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JPMorgan Chase & Co., Elliot Wave Analysis

11/2/2022 11:38 AM

The price is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level 3 ended, and a downward correction develops as the wave 4, within which the wave (А) of 4 formed. Now, the development of a local correction as the upward wave (B) of 4 is ending, within which the wave C of (B) is edning. If the assumption is correct, the price of the asset will fall to the area of 91.35–83.18. In this scenario, critical stop loss level is 138.93.




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