Jump to content

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


Recommended Posts

JPM Elliott Wave Analysis Trading Lounge Daily Chart,
JP Morgan & Chase Co., (JPM) Daily Chart
JPM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Minor wave 5
DIRECTION: Top in wave 5.
DETAILS: Looking for upside into wave 5 to complete a large uptrend. If not we could start to fall back down to complete a flat wave 4.  
Stocks24(1).thumb.png.a06ad5f3689622404e3d21c2f11caa15.png
 
JPM Elliott Wave Analysis Trading Lounge 4Hr Chart,
JP Morgan & Chase Co., (JPM) 4Hr Chart
JPM Elliott Wave Technical Analysis
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Flat
POSITION: Wave (c) of {iv}.
DIRECTION: Bottom in wave (c).
DETAILS: Looking for a bottom soon, or else we will cross invalidation level at 194.8$, volume seems to be suggesting a potential bottom.  
Stocks24.thumb.png.f32efdfed9ad2d42a8ae0a00f8580dc5.png
 
Welcome to our latest Elliott Wave analysis for JPMorgan Chase & Co. (JPM) as of June 7, 2024. This analysis provides an in-depth look at JPM's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on JPM's market behavior.
 
* META Elliott Wave Technical Analysis – Daily Chart*
In our Elliott Wave analysis of JPMorgan Chase & Co. (JPM), we observe an impulsive trend characterized by a motive structure. JPM is currently positioned in Minor wave 5, which suggests the potential completion of a large uptrend. As JPM seeks to complete wave 5, there is an upside bias, but traders should also be cautious of the possibility of falling back down to form a flat wave 4 if the current uptrend does not sustain. Monitoring key resistance levels will be crucial for validating the upward trajectory and ensuring the completion of wave 5.
 
* META Elliott Wave Technical Analysis – 4Hr Chart*
On the 4-hour chart, JPM is following a counter-trend corrective mode within a flat structure, specifically in wave (c) of {iv}. The current analysis indicates that JPM is approaching a potential bottom in wave (c). The critical invalidation level is at $194.80, and volume analysis suggests a potential bottom formation. Traders should watch for confirmation signals of a bottom around this level, which could provide a strategic entry point for long positions anticipating the start of the next impulsive wave.
 
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
 
  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • As more users embrace Dapp, it gets easier to trade crypto, engage in DeFi lending/borrowing and trade NFTs. With the growing need to trade NFT comes the introduction of Love Power Movement, a transparent and accessible marketplace with the best conditions for successful NFT sales. Although the NFT sector has recorded significant growth, it's still impeded by challenges like low protection of artists' and buyers' data, absence of organised policy protecting sellers and buyers amongst others. Love Power aims to tackle those by offering fixed commissions and royalties to creators, ensuring proper profit for sales. LPM token forming a crucial part of the ecosystem has been launched with no presale and VC investment, with intent to direct proceeds from token sales to NFT artists. As $LPM prepares to list on Bitget, the vast community of Love Power Movement would surely be watching keenly.
    • I missed out on NOTCOIN airdrop though i took advantage to buy it at $0.05 when it dipped and in a short while it rose back to $0.2. Made some decent gains there and I'm still holding. I will explore the giveaway to boost my NOTCOIN portfolio on the cex. Right now, my focus on the pre-market trading for hamster on Bitget, I want to make the best use of the Hamster airdrop I'm anticipating.
    • Dear @br864626, Please note that you can transfer shares from your employer's Share Incentive Plan (SIP) or Save As You Earn Scheme (SAYE) to an IG ISA, you will have to ask the provider to initiate the transfer. Thanks, KoketsoIG
×
×
  • Create New...
us