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JPMorgan Chase & Co., Elliot Wave Analysis

1/11/2023 10:08 AM

Growth is possible.

On the daily chart, a downward correction ended as the fourth wave of the higher level 4, and the development of the fifth wave 5 started. Now, the first wave of the lower level (1) of 5 is developing, within which the wave 1 of (1) has formed, the local correction 2 of (1) has ended, and the wave 3 of (1) is forming. If the assumption is correct, the asset will grow to the area of 153.00–162.00. In this scenario, critical stop loss level is 127.56.



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