JOHNSON & JOHNSON (JNJ) TOP-DOWN ANALYSIS & TRADING PLAN!

30 Mar 2020

hey guys,

JNJ is retesting the major recently broken trendline.
Chances are high that the market may drop from that and here is how we can catch this wave!

pay attention to a horizontal decision range on 1H.
bearish breakout of it will be a perfect trigger to short!

initial target - 111.0

then apply trailing stop to catch occasional panic selloff.

if the market goes above the falling trendline on 4H, our setups will be invalid and our bias shifts to bullish!

good luck!

30 Mar 2020

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