JetBlue (JBLU) Elliott Wave Monthly Time Chart
Monthly Elliott Wave Chart of Jetblue (JBLUE) above shows that the stock ended wave (II) in super cycle degree at 2.84. It has started to rally higher in wave (III). Up from wave (II), wave I ended at 27.36. Pullback in wave II is in progress and looking to retest 2.84 before turning higher. Down from wave I, wave ((W)) ended at 6.61 and wave ((X)) ended at 21.96. Wave ((Y)) lower is looking to retest 2.84 before the stock resumes higher.
JBLU Daily Elliott Wave Chart
Daily Elliott Wave Chart of Jetblue chart above shows that decline from 4.1.2021 high is in progress as a zigzag Elliott Wave structure. Down from 4.1.2021 high, wave (A) ended at 3.43. Up from there, we can see 5 waves diagonal higher. Wave ((i)) ended at 7.58 and pullback in wave ((ii)) ended at 4.5. Wave ((iii)) higher ended at 8.07 and pullback in wave ((iv)) ended at 5.53. Final leg wave ((v)) ended at 8.31 which completed either wave A or 1. Pullback in wave B or 2 is in progress to correct cycle from 10.31.2023 low before it resumes higher. Expect wave B or 2 to end at the blue box area of 3.7 – 5.28 area for further upside.
