NIKE 1D COLLAPSINGPotential Market Problem with Chinese Tariffs
Market Place - 5 Dow Stocks with High Chinese Exposure with 10% revenues in China
Apple, Boeing, 3M, Nike, Procter & Gamble
Market Realist - 2014 28% Nike shoes sold in China
34% Nike Apparel sold in China
GQ - 2017 19% Nike shoes sold in China
1D chart
Descending Triangle chart pattern
Weekly support levels shown
Triangle bottom and Weekly support level create a support zone
Watch for a candle close below this zone
Watch for a break-hook-go pattern on smaller time frame
Decreasing volume and rising price shows buyers weakening creates a bearish bias
