Since price rallied from 81.60 in June this year to the recent high in July, price has been in a consolidation phase.
We saw a false breakout above the 94.47 high in July before making a recent low of 89.07 in September. This is a typical expanding flat structure according to the wave patterns.
Price has too met the minimum expectation area of 123.6 to 161.8 fib expansion.
We are now expecting price to continue its move higher from here potentially targeting 98.38 area.
*Disclaimer - do your own due diligence on the fundamentals of JPM before investing into it.
We saw a false breakout above the 94.47 high in July before making a recent low of 89.07 in September. This is a typical expanding flat structure according to the wave patterns.
Price has too met the minimum expectation area of 123.6 to 161.8 fib expansion.
We are now expecting price to continue its move higher from here potentially targeting 98.38 area.
*Disclaimer - do your own due diligence on the fundamentals of JPM before investing into it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.