As discussed back on June 09, Johnson & Johnson was expected to continue higher after completing a complex wave 4 correction. That scenario played out, with price pushing back to all-time highs. CHECK IT HERE
A projected wave 5 now appears to be in progress, with further upside potential as a lower-degree five-wave bullish impulse unfolds. The next upside area to watch is 260–280, with the bullish structure remaining valid as long as price holds above 240.
Highlights
- Wave 5 in progress
- Five-wave bullish impulse unfolding within wave 5
- Target zone: 260–280+
- Bullish view remains valid above 240
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