Image Source: Pixabay
 

JPMorgan Chase & Co., Elliott Wave Technical Analysis

JPMorgan Chase & Co., (NYSE: JPM): 4H Chart 13 October 2023

JPM Stock Market Analysis: This is the bullish count for JPM, as it anticipates a potential 1-2 into Intermediate wave (3). Minor wave 2 currently is an 11% correction while its higher degree wave 2 was a 14% correction, making it possible to be a lower degree wave 2. Looking for a continuation higher to bring confirmation to the count.

JPM Elliott Wave Count: Wave 3 of ().  

JPM Technical Indicators: 20EMA as support

JPM Trading Strategy: Looking for confirmation into wave 3 before considering longs.  

Analyst: Alessio Barretta

JPMorgan Chase & Co., JPM: 1-hour Chart 13 October 2023

JPMorgan Chase & Co., Elliott Wave Technical Analysis
JPM Stock Market Analysis: Looking for wave 2 to be in place as we can identify a three wave move in it. Looking for a break of 150$ to have additional confirmation. We also found support in previous high volume area.  

JPM Elliott Wave count:  Wave 3 of (3).  

JPM Technical Indicators: Crossin of 20 and 200EMA.

JPM Trading Strategy: Looking for confirmation into wave 3 before considering longs.

More By This Author:

Elliott Wave Technical Analysis Day Chart: Euro/British Pound - Friday, Oct. 13
Elliott Wave Technical Analysis 4 Hour Chart: Euro/British Pound - Friday, Oct. 13
Elliott Wave Technical Analysis: BTCUSD - Friday, October 13