The Baby Powder Gives You Cancer! 😯 (JNJ)
📈 Failed to breach through the highs, but the fight ain't over yet!
Downward channel identified. Seeing a lot of rejection at this channel top as we approach a critical level of support at 143.47.
You want to long when the downward black Resistance gets cracked. Otherwise short 143.47 break and see if the bottom channel support holds.
Critical to use the ema dots and the Crossover strategy at that 143.47 level for a more aggressive long if held.
Could be double top or could be cup and handle. 🤷♂️
Play the channel.
Best of luck! 🎲
🥇MLT | MAJOR LEAGUE TRADER
Downward channel identified. Seeing a lot of rejection at this channel top as we approach a critical level of support at 143.47.
You want to long when the downward black Resistance gets cracked. Otherwise short 143.47 break and see if the bottom channel support holds.
Critical to use the ema dots and the Crossover strategy at that 143.47 level for a more aggressive long if held.
Could be double top or could be cup and handle. 🤷♂️
Play the channel.
Best of luck! 🎲
🥇MLT | MAJOR LEAGUE TRADER
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