JNJ Trading: Why a Channel Ceiling Can Fall
Summary
Hollow Point Trading shares a historical Johnson & Johnson IEX replay using completed five-minute bars from October 8, 2026. It shows how a 10-bar Donchian channel ceiling can fall when an old high expires, helping the community understand a key chart behavior.
https://youtu.be/dEqvIEJH1yk
JNJ: a channel can fall because an old high expires #JNJ #DonchianC...
A falling channel ceiling can reflect an old observation expiring. This historical Johnson and Johnson IEX replay uses completed five minute bars from October eighth, twenty twenty six. Define the ceiling as the highest high in ten observed bars, including the latest completed bar. The old window has a highest high of two fifty three point three...
