Get started
Trendy-Neck

TrendyTrades: NKE bounce off 45MIN Demand

Long
Nike (NYSE:NKE)  
Trendy-Neck  
NYSE:NKE   Nike
Trend Analysis Supply and Demand Fibonacci NKE Supply Zone Demand Zone trendyneck trendytrades
1
0
trendanalysis supplyanddemand fibonacci nke supplyzone demandzone trendyneck trendytrades
Using the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44

Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen.

NKE
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.