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Trading idea for NIKE Inc. (NYSE)

20.04.2021

Market Review

#NKE

The level of 50% of the expected wave (A H4) remains unbroken. The descending pattern of the H2 level is truncated. Awesome Oscillator shows a bullish divergence. Probably the downward pattern of the H2 level is a wave (B) of the upward pattern of the H4 level.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop Loss under the local minimum of the descending pattern (131.78).

Target levels: 137.70; 143.10.

Author: GC
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