If you've followed my previous post about 
NKE you know I was eying a descending wyckoff accumulation schematic. We successfully anticipated the spring-phase and now I think there is a big chance the spring-test has been completed, or anyway will complete soon.
So long story short: next up is SOS-phase and expansion towards a 1.618 trend based fib extension. But I'm personally not looking to trade this and plan to keep this as a multi-year stock hold. That's not financial advise, that's just my personal plan.
NKE you know I was eying a descending wyckoff accumulation schematic. We successfully anticipated the spring-phase and now I think there is a big chance the spring-test has been completed, or anyway will complete soon.So long story short: next up is SOS-phase and expansion towards a 1.618 trend based fib extension. But I'm personally not looking to trade this and plan to keep this as a multi-year stock hold. That's not financial advise, that's just my personal plan.
Note
My previous thread on NKE where I anticipated the spring-phase: 
Trade active
Unexpectedly large downside here for NKE. Should hold around this area for this idea to stay valid. Note
So NKE definitely went lower than I anticipated in this spring-test phase. But things are starting to lighten up here currently. I want to see that diagonal above reclaimed. If so, I think the spring-test phase has completed and we are into the SOS-phase.
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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.