JPMorgan Chase: ⬆️ Buy

– JPMorgan Chase reversed from support zone

– Likely to rise to resistance level 296.00

JPMorgan Chase recently reversed up from the support zone between the support level 280.00 (former multi-month high from January), support trendline of the daily up channel from April and the 38.2 Fibonacci correction of the upward impulse 1 from May.

The upward reversal from this support zone continues the active intermediate impulse wave (5) from the end of May.

Given the clear daily uptrend, JPMorgan Chase can be expected to rise to the next resistance level 296.00 (top of the previous impulse wave 1).