Johnson & Johnson is in a Wave (4) correction after completing a strong impulsive Wave (3) near the 250 zone. The current move looks like an A–B–C pullback, with price slipping below 232 and heading toward deeper support. This correction remains healthy within the larger uptrend and does not damage the bullish structure unless key swing lows break decisively.
After Wave (4) completes, Wave (5) is expected to push higher. Upside targets stand at 238, 247, and 258, with 247 acting as a key breakout level. A move above this zone would confirm continuation toward new highs.
We will update further information soon.
After Wave (4) completes, Wave (5) is expected to push higher. Upside targets stand at 238, 247, and 258, with 247 acting as a key breakout level. A move above this zone would confirm continuation toward new highs.
We will update further information soon.
Trade closed: target reached
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Disclaimer
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.