JP Morgan & Chase Co. (JPM) – Elliott Wave Analysis

Daily Chart

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {v} of 3
DIRECTION: Upward in wave {v}
DETAILS: JPM is currently moving within MinorGroup2, near $265, with a potential rise toward $280. This likely marks the final phase of wave {v} of 3 before a correction phase begins.

1-Hour Chart

FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (iv) of {v}
DIRECTION: Upward in wave (v)
DETAILS: On the shorter time frame, JPM is forming wave (iv) of {v}, indicating at least one more leg higher into wave (v). This would complete the minor 5-wave sequence and align with the daily outlook.

Technical Analyst: Alessio Barretta

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