Growth is possible.

On the daily chart, the fifth wave of the highest level 5 develops, within which the third wave (3) of 5 and the correctional fourth wave (4) of 5 formed, and the fifth wave (5) of 5 develops. Now, the first entry wave of the lowest level 1 of (5) is developing, the correctional wave iv of 1 has ended, and the wave v of 1 is forming. If the assumption is correct, the asset will grow to the area of 280.70–300.00. In this scenario, the critical stop loss level is 256.20.

Shares of financial conglomerate JPMorgan Chase & Co. are trading within a correction trend in the area of 266.00.