JPM Elliott Wave technical analysis [Video]

JPM Elliott Wave analysis

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave {v} of 3.

Direction: Upward in wave {v}.

Details: JPM is currently moving within MinorGroup2, near $265, with a potential rise toward $280. This likely marks the final phase of wave {v} of 3 before a correction phase begins.

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave (iv) of {v}.

Direction: Upward in wave (v).

Details: On the shorter time frame, JPM is forming wave (iv) of {v}, indicating at least one more leg higher into wave (v). This would complete the minor 5-wave sequence and align with the daily outlook.