The price is in a correction and may grow.

On the daily chart, a downward correction ended as the fourth wave of the higher level 4, and the fifth wave 5 develops, within which the third wave of the lower level (3) of 5 develops. Now, the wave 3 of (3) has formed, and a local correction is developing as the wave 4 of (3). If the assumption is correct, the asset will grow to the area of 202.20–220.00. In this scenario, critical stop loss level is 164.60.

Shares of JPMorgan Chase & Co., one of the largest multinational financial conglomerates in the United States, are correcting at 195.00.