Wells Fargo & Company (WFC) as diversified financial services company, provides banking, investment, mortgage, consumer & commercial finance products & services in the US & internationally. It operates through four segments, consumer banking & lending, commercial banking, corporate & investment banking & wealth & investment management. It is based in San Francisco, CA, comes under Financial services sector & trades as “WFC” ticker at NYSE.

Johnson & Johnson (JNJ) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 36 on the 2021 Fortune 500 list of the largest United States corporations by total revenue. Johnson & Johnson is one of the world’s most valuable companies and is one of only two U.S.-based companies that has a prime credit rating of AAA, higher than that of the United States government.

Cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. In the 45 minutes chart below, we can see wave 4 ended at 13795.47. Wave 5 rally is currently in progress with internal subdivision as another 5 waves impulse. Up from wave 4, wave ((i)) ended at 14160.87 and pullback in wave ((ii)) ended at 13871.32. Internal subdivision of wave ((ii)) unfolded as a zigzag structure where wave (a) ended at 13874.50, wave (b) ended at 14063.14, and wave (c) ended at 13871.32.

Short term cycle from 11.23.2022 low remains in progress as a 5 waves impulse Elliott Wave. Up from 11.23.2022 low, wave ((i)) ended at 1833.29 and pullback in wave ((ii)) ended at 1795.90. The metal then rallies higher again in wave ((iii)). Internal subdivision of wave ((iii)) is unfolding as another 5 waves impulse in lesser degree. Up from wave ((ii)), wave i ended at 1825.21, and pullback in wave ii ended at 1813.30. Wave iii ended at 1850.15, pullback in wave iv ended at 1829.90, and final leg wave v ended at 1865.15 which completed wave (i). The metal then pullback in wave (ii) towards 1824.