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: Wave 3 of (3).
Direction: Upside in wave 3.
Details: We are looking at a 1-2-1-2 from the 100$ lows, which seems to be confirmed by the steepness of the upside into what is now wave 3. Alternatively we had a flat correction in wave (2) and it ends where Minor wave 2 currently is.
UNH Elliott Wave technical analysis – Daily chart
Our analysis indicates a trending function characterized by impulsive mode and motive structure, positioned in Wave 3 of (3). The direction points to upside momentum in wave 3. We observe a potential 1-2-1-2 pattern originating from the $100 lows, supported by the steepness of the upside movement into the current wave 3. Alternatively, we consider the possibility of a flat correction in wave (2), ending at the level of Minor wave 2.
JPM Elliott Wave analysis trading lounge four-hour chart
JP Morgan Chase & Co., (JPM) 4Hr Chart.
JPM Elliott Wave Technical Analysis.
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Minute wave {iii}.
Direction: Looking for upside in wave (v).
Details: We are targeting TL2 at 200$ as a wave {iii} target, the increasing volume could suggest sellers are entering the market, looking for 200$ to be reached first.
UNH Elliott Wave technical analysis – Four-hour chart
Here, we identify a trending function marked by impulsive mode and motive structure, positioned in Minute wave {iii}. The direction suggests anticipation of upside movement in wave (v). We set our sights on TL2 at $200 as the target for wave {iii}, with increasing volume indicating potential seller activity entering the market. We anticipate the $200 level to be reached first before assessing further market developments.
Welcome to our JPM Elliott Wave Analysis Trading Lounge, your go-to source for insights into JP Morgan Chase & Co. (JPM) using Elliott Wave Technical Analysis. Let’s dive into the market dynamics as of the Daily Chart on 21st March 2024.
Technical Analyst: Alessio Barretta.
JPM Elliott Wave analysis [Video]
