JP Morgan Chase & Co.(JPM:NYSE) Elliott Wave Technical Analysis 27 October 23

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JP Morgan Chase & Co., Elliott Wave Technical Analysis

JP Morgan Chase & Co., (JPM:NYSE): 4H Chart 27 October 23

JPM Stock Market Analysis: We have been looking for further downside into wave 2 as we nearly hit 0.618 {c} vs. {a}. At this point we are looking for equality of {c} vs. {a} at 136$ to then resume higher.  

JPM Elliott Wave Count: Wave {c} of 2.  

JPM Technical Indicators: Below all averages.

JPM Trading Strategy: Looking for longs into wave 3.

TradingLounge Analyst: Alessio Barretta
 

 

 

 

 

JP Morgan Chase & Co., JPM: 1-hour Chart 27 October 23

JP Morgan Chase & Co., Elliott Wave Technical Analysis
JPM Stock Market Analysis: Looking for one more low into wave (v) as we seem to have an incomplete five wave sequence in wave {c}.

JPM Elliott Wave count: Wave (iv) of {c}.  

JPM Technical Indicators: 20EMA as resistance

JPM Trading Strategy: Looking for shorts into wave (v).