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JPMorgan Chase & Co., Elliot Wave Analysis
11/16/2022 11:35 AMA 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 local correction has ended as an upward wave (B) of 4, within which the wave C of (B) formed. If the assumption is correct, the price of the asset will fall within the wave (C) of B to the area of 100.57–91.35. In this scenario, critical stop loss level is 137.45.
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