What P0734 usually means
P0734 shifts the gear-ratio fault into fourth gear, which often means the complaint surfaces in higher-speed steady driving or on the 3-4 upshift. Some vehicles show a flare into overdrive, others feel like they never fully settle into top gear, and some bounce between ratios because the TCM cannot confirm the apply. The important split is still unchanged: make sure input and output speed data are trustworthy, then decide whether fourth-gear apply is actually slipping because of hydraulic loss, valve-body wear, or internal clutch problems.