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stocksJun 10, 2026, 10:57 AM

Johnson & Johnson: Wave 4 Correction Nearing Completion

Technical analysis suggests Johnson & Johnson's wave 4 correction may be finishing after an extended wave 3 rally, as discussed with members on November 14, 2025.

JNJ

According to an analysis shared with members on November 14, 2025, Johnson & Johnson (JNJ) was tracking an extended wave 3 structure with further upside. The current wave 4 correction may now be nearing completion.

Technical traders following Elliott Wave theory will note that wave 3 extensions often lead to shallow or time-consuming wave 4 corrections before a final wave 5 leg higher. The analysis suggests the correction phase could be close to its end.

Source: FXStreet Forex News