Hello everyone:
NIKE has had the bullish move to the upside, hitting the all the high price.
We see the price broke out of the triangle structure, and quick correction followed by the strong impulse.
As how I always approach these type of price action would be keep a close eye on whether we will get a continuation correction here on the lower time frame.
This will give me extra confluence to add in more buys.
Look for either a breakout from this channel structure, or wait for a deeper correctional structure and enter the buy.
Thank you
NIKE has had the bullish move to the upside, hitting the all the high price.
We see the price broke out of the triangle structure, and quick correction followed by the strong impulse.
As how I always approach these type of price action would be keep a close eye on whether we will get a continuation correction here on the lower time frame.
This will give me extra confluence to add in more buys.
Look for either a breakout from this channel structure, or wait for a deeper correctional structure and enter the buy.
Thank you
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Related publications
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.