Nike's daily chart shows a competed five-wave advance off the lows from 52.28, with a subsequent correction underway. We believe that we are in wave C of this correction which could take prices back to 68-66 levels before another move higher unfolds towards 100.00
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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.