JNJ Elliott Wave Analysis – TradingLounge Daily Chart

Johnson & Johnson (JNJ) – Daily Chart

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave {v} of 1
• Direction: Upside within wave {v}
• Details: Looking for further upside into wave {v}, as we appear to be missing one leg higher to complete this five-wave move subdivision. Targeting around $180, the end of MG2 as the upside target.

JNJ Elliott Wave Analysis – TradingLounge 1-Hour Chart

Johnson & Johnson (JNJ) – 1-Hour Chart

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave i of (i)
• Direction: Upside in wave (i)
• Details: We are looking at the subdivision within wave {v}. The price has reached equality in length between waves {ii} and {iv}, which is often a key area of interest for wave {iv} targets. We are awaiting confirmation of further upside.

This analysis of Johnson & Johnson (JNJ) incorporates both the daily and 1-hour charts, utilizing Elliott Wave Theory to assess current market trends and forecast future price movements.

• Daily Chart: Looking for further upside in wave {v}, as the final leg higher seems to be missing. Targeting $180, which marks the end of MG2. The trend remains bullish until wave {v} is completed.
• 1-Hour Chart: Analyzing the subdivision within wave {v}, with equality in length between waves {ii} and {iv} suggesting wave {iv} is a potential target. Further upside confirmation is awaited.

Technical Analyst: Alessio Barretta

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