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JPMorgan Chase Wave Analysis – 19 November, 2019

  • JPMorgan Chase rising inside impulse wave 5
  • Likely to rise to 135.00

JPMorgan Chase continues to rise inside the short-term impulse wave 5, which started earlier from the upper trendline of the recently broken up channel from January (acting as support after it was broken).

The active impulse wave 5 belongs to the medium-term upward impulse sequence (3) from the start of October.

JPMorgan Chase is expected to rise further toward the next resistance level 135.00 (expected price for the completion of wave ③).

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