JPMorgan Chase & Co - The price is in a correction and may grow.
On the daily chart, the third wave of the higher level 3 formed and a downward correction develops as the wave 4, within which the wave (А) of 4 formed. Now, a local correction is forming as the upward wave (B) of 4, within which the wave of the lower level A of (B) is forming.
If the assumption is correct, the asset will grow to the area of 131.55 – 139.45. In this scenario, critical stop loss level is 110.45.
On the weekly chart, the downward correctional wave of the higher level 4 develops, within which the wave (C) of 4 forms. Now, = the third wave 3 of (C) is developing, within which the first entry wave of the lower level (i) of i of 3 has formed, and a local correction is ending as the wave (ii) of i of 3.
If the assumption is correct, after the end of the correction, the USDCAD pair will fall to the area of 1.201 – 1.1426. In this scenario, critical stop loss level is 1.3224.
On the daily chart, the downward fifth wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the first wave of the lower level 1 of (1) has formed and a local correction is developing as the second wave 2 of (1).
If the assumption is correct, after the end of the correction, the USDCHF pair will fall to the area of 0.8916 – 0.8730. In this scenario, critical stop loss level is 0.9889.
On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) formed. Now, a local correction has ended as the fourth wave 4 of (C), within which the wave c of 4 has formed and the fifth wave 5 of (C) has started.
If the assumption is correct, the price of the asset will fall to the area of 89.41–50.00. In this scenario, critical stop loss level is 174.15.
On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C developed and a downward correction ended as the second wave 2 of (1) of C. Now, the third wave 3 of (1) has started, within which the first entry wave of the lower level (i) of i of 3 is developing.
If the assumption is correct, Brent Crude Oil will grow to the area of 127.04 – 139.4. In this scenario, critical stop loss level is 92.72.
On the daily chart, a downward correction ended as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum and the fifth wave (5) started. Now, the first entry wave of the lower level i of 1 of (5) has formed and the local correction has developed as the second wave ii of 1 of (5).
If the assumption is correct, the XAUUSD pair will grow to the area of 1857.25 – 1910.3. In this scenario, critical stop loss level is 1681.43.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the third wave of the lower level iii of C has developed and a local correction is forming as the fourth wave iv of C.
If the assumption is correct, after the end of the correction, the price of the asset will fall to the area of 29 – 24.4. In this scenario, critical stop loss level is 44.92.
Crude Oil - The price is in a correction; a fall is possible.
On the daily chart, the first wave of the higher level 1 of (1) of C ended, and a downward correction forms as the second wave 2 of (1) of C, within which the wave a of 2 develops. Now, the third wave of the lower level (iii) of a has formed, and a local correction is developing as the fourth wave (iv) of a.
If the assumption is correct, after the end of the correction, the price of the asset will fall to the area of 82.3 – 67. In this scenario, critical stop loss level is 103.55.
On the daily chart, a downward correction of the higher level developed as the second wave (2), within which the wave C of (2) formed, and the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is developing, within which the wave (i) of i has formed, and a local correction has ended as the wave (ii) of i.
If the assumption is correct, the XAGUSD pair will grow to the area of 22.47 – 25.4. In this scenario, critical stop loss level is 18.05.
On the daily chart, the wave А of the higher level formed and a downward correction develops as the wave B, within which the wave (А) of B formed and the upward correctional wave of the lower level (B) of B started. Now, the wave A of (B) is developing, within which the wave iii of A has formed and the wave iv of A is forming.
If the assumption is correct, the asset will grow to the area of 133 – 146.05. In this scenario, critical stop loss level is 99.2.
On the daily chart, the wave А of the higher level formed, a downward correction ended as the wave B and the wave C started. Now, the first entry wave of the lower level 1 of (1) of C has formed, a local correction has developed as the wave 2 of (1) of C and the third wave 3 of (1) of C is forming.
If the assumption is correct, the asset will grow to the area of 326.9 – 397. In this scenario, critical stop loss level is 166.5.
On the daily chart, the downward wave of the higher level C of (B) develops, within which the fifth wave v of (C) forms. Now, the fifth wave of the lower level v of C is forming, within which the wave (v) of v of C is developing.
If the assumption is correct, the EURUSD pair will fall to the area of 0.98 – 0.97. In this scenario, critical stop loss level is 1.008.
On the daily chart, the first wave of the higher level (1) forms and a downward correction develops as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (v) of v of C is forming.
If the assumption is correct, the GBPUSD pair will fall to the area of 1.155 – 1.145. In this scenario, critical stop loss level is 1.1887.
On the daily chart, a downward correction of the higher level develops as the wave (B), within which the wave C of (B) forms. Now, the third wave of the lower level iii of C has appeared, a local correction has ended as the fourth wave iv of C, and the fifth wave v of C started.
If the assumption is correct, the price of the asset will fall to the area of 100 – 50. In this scenario, critical stop loss level is 192.6.
On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4) and the fifth wave (5) started. Now, the first wave of the lower level 1 of (5) is developing, within which the wave iii of 1 has formed, and a local correction is ending as the wave iv of 1.
If the assumption is correct, the asset will grow to the area of 130.69 – 143.9. In this scenario, critical stop loss level is 103.45.
On the weekly chart, the downward correctional wave of the higher level 4 develops, within which the wave (C) of 4 forms. Now, the third wave 3 of (C) is developing, within which the first entry wave of the lower level (i) of i of 3 has formed, and a local correction has ended as the wave (ii) of i of 3.
If the assumption is correct, the USDCAD pair will fall to the area of 1.2374 – 1.201. In this scenario, critical stop loss level is 1.3224.
On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction forms as the wave (2) of C, within which the wave C of (2) develops. Now, the third wave of the lower level iii of C has formed, a correction has formed as the fourth wave iv of C, and the fifth wave v of C is developing, within which the local correction (ii) of v has developed and the wave (iii) of v is developing.
If the assumption is correct, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.701.
On the daily chart, the upward wave of the higher level (А) of B formed, and a downward correction ended as the wave (B) of B. Now, the wave (C) of B has started, within which the first wave of the lower level i of 1 of (C) has formed, and a local correction has started as the wave ii of 1 of (C).
If the assumption is correct, the NZDUSD pair will grow to the area of 0.6576 – 0.6815. In this scenario, critical stop loss level is 0.6066.
On the daily chart, the third wave of the higher level 3 develops, within which the third wave of the lower level iii of 3 formed and a downward correction ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is forming, within which the first wave of the lower level (i) of v has developed.
If the assumption is correct, after the end of the local correction (ii) of v the USDJPY pair will grow to the area of 145 – 150. In this scenario, critical stop loss level is 135.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v is forming.
If the assumption is correct, the pair XAGUSD will fall to the area of 15.8 – 14.5. In this scenario, critical stop loss level is 20.91.
