# JPM stock shows two key support levels

> Technical analyst identifies wave 3 completion and potential correction zones for JP Morgan Chase.
- Title: JPM stock shows two key support levels · TradingView
- Summary: Technical analyst identifies wave 3 completion and potential correction zones for JP Morgan Chase. JPM may be entering a correction phase after completing…
- Keywords: jpm, jp morgan chase, nyse, technical analysis, wave analysis, fibonacci levels, stock correction, support levels, trading signals, chart patterns, business, finance
- Source: TradingView — https://tradingview.com/chart/JPM/GwGmYEZx-JPM-Y26-P3-E1-Two-levels-of-interest
- Published: 2026-09-16T03:32:59+00:00
- Read time: 1 min
- Topics: jpm, jp morgan chase, nyse, technical analysis, wave analysis, fibonacci levels, stock correction, support levels, trading signals, chart patterns, business, finance
## Wave 3 completion signals shift
Technical analysis suggests JPM's wave 3 has finished based on Fibonacci levels. The stock may now be entering a corrective phase rather than continuing its uptrend.

> I believe wave 3 is done based on common fib levels and we are in a corrective phase.
## Two correction scenarios ahead
The key question is whether the pullback will be mild or moderate. A deeper correction would signal different trading opportunities than a shallow one.

> Question is it a mild or moderate correction?
## Bullish candle complicates outlook
A three-day bullish candle suggests strength, making the analyst hesitant to enter long positions until the correction plays out more clearly.
## Wait for clearer pullback signal
The trader won't take a long position unless the stock pulls back deeper from current levels, confirming the correction is underway.

> If it doesn't pull back deeper from here, I'm not interested to taking a long
## Flexible strategy if thesis fails
If the expected correction doesn't materialize, the analyst will simply move on to analyze other charts rather than force a trade.

> If it doesn't play out, then we just look at other charts.
## Key takeaway

JPM may be entering a correction phase after completing wave 3, with two distinct support levels to watch.