$NKE NIKE | NIKE RANGE BREAKOUT TRADE SETUPS - Dec06'24

NIKE | NIKE RANGE BREAKOUT TRADE SETUPS - Dec06'24

Trends:
Weekly: Bearish
Daily: Bearish
4H: Bearish
1H: Bullish

BUY/LONG ZONE (GREEN): $79.25 - $88.00
DO NOT TRADE/DNT ZONE (WHITE): $77.25 - $79.25
SELL/SHORT ZONE (RED): $71.00 - $77.25

had a bearish gap down caused by earnings on Oct01. Continuation after the slight pullback to 84.50, price breaks below 81.25 and 80.75, two minor levels I was monitoring. Price breaks this zone, retests, then continues back downwards to 73.25. Price touches 73.25 then begins a slight bullish rally up to 77.25 - 78.00 zone. Current sideways range, bulls look for break above 79.25, bears look for break below 77.25. next earnings report is mid/late Dec.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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註釋

has earnings release tomorrow, Dec19 post market, and has remained in range.

1H View: