Nike has been putting in a pretty nice looking falling wedge. Keeping an eye on 2 Scenarios another breakout failure where price is pushed back to 68 dollars or a breakout.
Either way i feel this resolves to the upside fairly shortly.
Looking to enter this between 60 and 68 dollars if price rejects diagonal resistance.
Or if a breakout occurs to add to a back-test of current resistance line.
Fib targets indicated.
Either way i feel this resolves to the upside fairly shortly.
Looking to enter this between 60 and 68 dollars if price rejects diagonal resistance.
Or if a breakout occurs to add to a back-test of current resistance line.
Fib targets indicated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.