I'm not sure if my red count wave 1 can really be labelled as a leading diagonal or not but it is the only way that I can justify the bullish count for JP Morgan. Personally, it looks more like a 3 wave ABC to me and so I prefer my bearish blue count and taking the view that this is a downward ABC correction. Which is the right answer? I wish I knew.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.