📉 I'm watching a high-probability bearish setup on 
NKE, with price rejecting a key 1D supply zone ($77–80) on bearish RSI divergence and fading momentum. A downside gap below adds further confluence.
📊 Technical Context:
Clear 1D supply rejection with divergence
Lower RSI highs vs higher price highs = Bearish divergence
Volume weakening near resistance
Open gap ($65–$68.67) below = magnetic target
Previous BOS indicates potential for continuation move lower
🎯 Strategy Ideas:
Bear Call Spread 80/85 (credit spread with resistance overhead)
Put Debit Spread 75/65 (targeting full gap fill)
⏳ Expiry: Sep 20 – well-timed before IV builds
📌 Setup offers attractive R/R with clearly defined invalidation above $81
🔔 Key Alerts:
$81: "Invalidation – bias flips if breakout confirmed"
$68.67: "Gap close in progress – partial target zone"
➡️ Follow for structured trade setups combining price action, divergence, and options strategies.
NKE, with price rejecting a key 1D supply zone ($77–80) on bearish RSI divergence and fading momentum. A downside gap below adds further confluence.📊 Technical Context:
Clear 1D supply rejection with divergence
Lower RSI highs vs higher price highs = Bearish divergence
Volume weakening near resistance
Open gap ($65–$68.67) below = magnetic target
Previous BOS indicates potential for continuation move lower
🎯 Strategy Ideas:
Bear Call Spread 80/85 (credit spread with resistance overhead)
Put Debit Spread 75/65 (targeting full gap fill)
⏳ Expiry: Sep 20 – well-timed before IV builds
📌 Setup offers attractive R/R with clearly defined invalidation above $81
🔔 Key Alerts:
$81: "Invalidation – bias flips if breakout confirmed"
$68.67: "Gap close in progress – partial target zone"
➡️ Follow for structured trade setups combining price action, divergence, and options strategies.
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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.
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.