JP Morgan is eyeing 300 area [Video]
|JP Morgan with ticker JPM is in a strong recovery, and it looks like wave five still has room for further upside, potentially even above the $300 mark. We don’t yet see a completed smaller degree five-wave cycle from the 2022 low, so after this current wave four pullback—possibly heading toward the 270–275 support zone—we could see another leg higher while price is above 240.
Highlights:
Direction: Up
Structure: In wave 4; wave 5 expected next
Support: 270 / 275
Resistance: 312
Invalidation: 240
Note: Watch for wave 5 continuation
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