TECH Buy 15.05.2024 08:43
JP Morgan Chase Co.: wave analysis
The probability of decline remains.
On the daily chart, the downward correction as the fourth wave of the higher level 4 has ended and the fifth wave 5 is being formed, which includes the third wave of the lower level (3) of 5. At the moment, wave 3 of (3) has also appeared, the correction as wave 4 of (3) has completed and wave 5 of (3) is developing. If the assumption is correct, one may expect the growth of the price of the asset to 210.00–220.00. The level of 188.50 is critical and stop-loss for this scenario.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy