As discussed on November 14, 2025, Johnson & Johnson was still tracking an extended wave 3 structure with further upside potential. Since then, price has turned lower and retraced more deeply than initially expected, but the move still appears corrective rather than a trend reversal.
The current decline continues to respect key trendline support from the June 2025 lows, suggesting the pullback is likely part of a higher-degree wave 4 correction, potentially unfolding as a complex WXY structure. From a broader perspective, the larger bullish impulse from early 2025 still appears incomplete, leaving room for a possible final wave 5 to the upside once the correction completes. Key support is now seen at 215–225, with deeper support at 210–200 (38.2% retracement).
Highlights
. Pullback still looks counter-trend, complex WXY correction
. Key support zone at 215–225
. Next support near 210-200 (38.2%)
. Bullish wave five still possible on higher timeframe
The current decline continues to respect key trendline support from the June 2025 lows, suggesting the pullback is likely part of a higher-degree wave 4 correction, potentially unfolding as a complex WXY structure. From a broader perspective, the larger bullish impulse from early 2025 still appears incomplete, leaving room for a possible final wave 5 to the upside once the correction completes. Key support is now seen at 215–225, with deeper support at 210–200 (38.2% retracement).
Highlights
. Pullback still looks counter-trend, complex WXY correction
. Key support zone at 215–225
. Next support near 210-200 (38.2%)
. Bullish wave five still possible on higher timeframe
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.