Shares of JPMorgan Chase & Co., one of the largest transnational financial conglomerates in the United States, are moving within a correction trend at 238.00.

Growth is possible.

On the daily chart, the fifth wave of the higher level 5 forms, within which the third wave (3) of 5 develops. Now, the fifth wave of the lower level 5 of (3) is developing, within which the wave iii of 5 is forming. If the assumption is correct, the asset will grow to the area of 265.00–280.00. In this scenario, critical stop loss level is 234.50.