
DownToCryptoTA
3.9K posts

DownToCryptoTA
@DownToCryptoTA
Experienced technical analyst with a passion for deciphering market trends. Using charts and indicators to navigate the world of finance. #TechnicalAnalysis



On Johnson & Johnson ( $JNJ ): I’m seeing signs of exhaustion on the 4-hour as price chops around one of my targets. That suggests we could see a brief move back inside the pattern formation before continuation. I don’t have a firm downside target at the moment, as the daily structure still looks strong. To account for the possibility of a liquidity grab — especially if bearish divergence develops — I’ve added an additional upside target. If price continues to hold here, watch closely for divergence confirmation.


Back in December this was the word on $NKE and it is still standing on business.



















$CL In my latest crude #oil analysis, I was initially watching for a breakdown from a head and shoulders — but price has now extended well beyond the right shoulder, so that setup is no longer valid. What I’m focusing on now is a falling wedge. With markets currently closed, the key will be how price behaves once they reopen. I’m watching for a controlled move within the wedge, followed by one of two outcomes: A break to the upside (typical of falling wedge structures) Or a flush below support with a reclaim back inside (overshoot + recovery) This is a key decision area, and how price resolves here could set the tone for the next move in crude oil.












Covered in my live early this morning: If $CL #Oil is the catalyst behind this market move, there are multiple scenarios in play right now. We could be looking at a 5-wave move to the upside, followed by a corrective ABC structure to the downside. That correction could evolve into a head and shoulders formation, which would open the door for a more aggressive sell-off. I’ve mapped out a measured move, but for now I’m keeping the ABC labeled as a flat until price gives more clarity. Bottom line: crude oil is at a decision point, and how this structure resolves will likely dictate broader market direction.



