Johnson & Johnson Wave Analysis 19 November, 2020

• Johnson & Johnson falling inside correction 2

• Likely to reach 142.500

Johnson & Johnson continues to fall inside the sharp downward correction 2, which started earlier from the strong resistance level 150.00 (which has been reversing the price from the start of September).

The downward reversal from the resistance level 150.00 created the daily Japanese candlesticks reversal pattern Evening Star Doji.

Johnson & Johnson is likely to fall further toward the next support level 142.500 (lower boundary of the earlier upward gap formed at the start of November).