wavepatterntraders

Elliott Wave Johnson & Johnson (JNJ)

NYSE:JNJ   JOHNSON & JOHNSON
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The weekly chart appears to count cleanly enough as a 5 wave advance, so we can suggest an impulse wave is close to completion. If the bull cycle from the 2009 lows are close to ending, then a substantial correction is expected, I would favor at least a move back to the previous 4th wave at 85.00 or lower

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