TECH Sell 06.08.2025 08:30
JPMorgan Chase Co.: wave analysis
The price is in a correction and a fall is possible.
On the daily chart, the fifth wave of the highest level 5 develops, within which the third wave (3) of 5 and the correctional fourth wave (4) of 5 formed, and the fifth wave (5) of 5 develops. Now, the first entry wave of the lowest level 1 of (5) has formed, and the correctional second wave 2 of (5) has started. If the assumption is correct, the price of the asset will fall to the area of 262.55–250.60. In this scenario, the critical stop loss level is 301.73.
Indicators
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Active Sell
Overall recommendation Sell
Overall recommendation Wait