Elliott Wave Technical Analysis : JP Morgan Chase & Co.- Monday, November 13

By Peter Mathers of Trading Lounge

Monday, November 13, 2023 9:24 AM EDT

JP Morgan Chase & Co., Elliott Wave Technical Analysis

JP Morgan Chase & Co., (JPM): 4h Chart 13 November 23

JPM Stock Market Analysis: We have been looking for upside into wave 3 as we have identifie what seems to be a three wave move in wave 2. Looking for additional confirmation, with 150$ to turn into support, before considering longs.

JPM Elliott Wave Count: Wave {i} of 3.

JPM Technical Indicators: Above all averages.

JPM Trading Strategy: Looking for longs on the support off 150$.

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JP Morgan Chase & Co., JPM: 1-hour Chart 13 November 23

JP Morgan Chase & Co., Elliott Wave Technical Analysis JPM Stock Market Analysis: Looking for a potential last move up into wave v of (i), to then pullback into wave (ii). We could see resistance on 150$.

JPM Elliott Wave count: Wave v of (i).

JPM Technical Indicators: Above all averages.

JPM Trading Strategy: Looking longs into wave v.

(Click on image to enlarge)