#JNJ price maybe on the go soon to break a 3 year old triangle pattern.
Lets see if this count plays out. This is contrary to #EWT by counting wave structures inside of the triangle, but once again I think the founders misunderstood these structures. I will take my maverick stance on triangles until proven otherwise. This is not a 3-3-3-3-3 wave formation within this triangle. Hence expect a nested series ending expanding triangle...
almost completed wave 1 of C or 1 of 3 if you are really bearish. Alt count in red is secondary option. A brief relief rally is expected today or tomorrow only to fail at resistance where bears will more than likely keep their boots on the neck of any bulls remaining. Bulls had their second chance to exit near the ATH or at least 100k. Greed or lack of awareness...