All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first!
Levels to watch: $70
Keep your long term vision,
Philip - BasicTrading
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Quick update on Nike:And there is another trade playing out perfectly so far with Nike being up more than 10% in the past couple of days. We have the strong support and if Nike breaks above the trendline, we can finally see the beginning of new major bullish market cycle.
Levels to watch: $85
Click link above to see the detailed analysis👆🏻
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Trading update on Nike (Click chart above to see the detailed analysis👆🏻
It was absolutely no coincidence that Nike perfectly reverses at the current support level. It is also no surprise that Nike will break the resistance trendline and create the next bullish impulse leg, which will also lead to new all time highs in the future.
Levels to watch: $73, $90
Keep your long term vision,
Philip (BasicTrading)
交易進行
Trading update on Nike (Click chart above to see the detailed analysis👆🏻
Nike perfectly reversed at the major confluence of support and is now consolidating before we will most likely see the trendline breakout. Market structure is still pretty clear and you do get a decent risk to reward ratio setup at the current level so take advantage of it now.
Levels to watch: $70, $100
Keep your long term vision,
Philip (BasicTrading)
Philip - Swing Trader
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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Philip - Swing Trader
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。