$JPM
Added 2024-04-12 15:56:54 +0000 UTC$JPM is pulling back hard today after reporting earnings and down -5.5% but we can see on the chart that this was a rejection at the 1.618 Fib for Wave 3 and pulling back for Wave 4 now.
We can see that the blue line, which was the 2021 high aligns very close to the 0.38 Fib at $171, this is where I would expect $JPM to hold for support for Wave 4.
$JPM will likely benefit greatly for any pressures on the banking system, they will likely pick and choose any distressed company that will need to be saved and benefit greatly....as they did in March 2023.
Comments
How are you thinking about JPM now?
Jesse Barba
2024-05-17 19:48:46 +0000 UTCHi Captain, can you guide me on how do you determine that Wave 1 has ended. I rely on Kennedy Channeling but that deflects Wave 1 to be at the next HH than what you've drawn on the chart. And because I plot Wave 1 at a different point than yours, my Wave 3 PT varies from your price target too. Some guidance would be very much appreciated. Thanks in advance
Aneez Ahmad
2024-04-14 06:07:02 +0000 UTC
