NKE Swoop Ahead
Took a position and plan to trade the imbalances bullishly as $Nike(NKE.US$ held support area the past 5 days after plunging to what looks like the making of the last leg of the harmonic pattern, MacD confirmation via histogram air space between it and the signal line on the daily chart. Further confluence can be found on the 4HR chart, offering a clearer entry after viewing CSP & not falling below overall trend line & the consolidation price range area low of 71.23 on TradingView. Holding long term as I believe price will break thru near 78 after filling the imbalance at at the HR chart’s 74-75 area. On daily chart, it looks like over time price can go to 178 with opportunities to trade option calls traveling upto that area also. We shall see.
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Flag /Swing trading chart purist, tech top down analysis. Imbalance lurker. Harmonics enthusiast. Crypto Ed ongoing
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