TECH Buy 06.10.2021 07:41
JP Morgan Chase Co.: wave analysis
The price may grow.
On the daily chart, the fifth wave of the higher level (5) of 3 develops, within which the wave 3 of (5) formed, and a correction ended as the wave 4 of (5). Now, the fifth wave 5 of (5) is developing, within which the wave i of 5 has formed, the local correction ii of 5 has ended, and the wave iii of 5 is developing. If the assumption is correct, the price will grow to the levels of 180.00–190.00. In this scenario, critical stop loss level is 149.85.