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JPMorgan Chase Wave Analysis – 24 October, 2019

  • JPMorgan Chase broke long-term resistance level 118.00
  • Likely to rise to 130.00

JPMorgan Chase recently broke through the strong, long-term resistance level 118.00 (which has been reversing the price from the start of 2018, as can be seen below).

The breakout of the resistance level 118.00 continues the active medium-term impulse wave (3) – which belongs to the longer impulse sequence ③ from June.

JPMorgan Chase is expected to rise to the next resistance level 130.00 (target price for the completion of the active impulse wave (3)).

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