Nike again reached an Action Point - here : the trendline.
Perhaps the Moment for a cyclical longterm swing- trade has come?
I have illustrated all my thoughts in my Chart - if you have any questiuon -feel free asking me!
Comments are Welcome
Regards Mary
Former view:
Nike - disillusionment after downgrade...
Nike started ewak after the latest downgrade.
In the today's opening range about 54. 00 USD is a considerable horizontal support in the form of the present annual low and the longterm trend channel`s bottom edge.
If Nike can defend the longterm trend and reenter it, a shortterm buying Signal can apear.
Prices below 52.85$ can cause the next downwave.
Perhaps the Moment for a cyclical longterm swing- trade has come?
I have illustrated all my thoughts in my Chart - if you have any questiuon -feel free asking me!
Comments are Welcome
Regards Mary
Former view:
Nike - disillusionment after downgrade...
Nike started ewak after the latest downgrade.
In the today's opening range about 54. 00 USD is a considerable horizontal support in the form of the present annual low and the longterm trend channel`s bottom edge.
If Nike can defend the longterm trend and reenter it, a shortterm buying Signal can apear.
Prices below 52.85$ can cause the next downwave.
Note
below todays low i exspect a hsortterm downmove Note
Order cancelled
nke did not reach the thought entry niveau at ~ 58$ - it is still weak....let`s be Patient - i will inform you if i see the next cyclical Chance Note
Note
Note
very critical 
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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.