ownsov

Long NKE above 139.36

Long
Nike (NYSE:NKE)  
ownsov Updated   
NYSE:NKE   Nike
Sleeping alligator both in daily and weekly charts. Same entry fractal at 139.36. If price surpasses that point, going long with reverse pyramiding (1-5-4-3-2) for every signal.

NKE
Comment:
Opening today at close as long as price does not cross the Balance Line (red) downwards.
Trade active:
Bought 5 contracts as entry position @ 152.72.

Appears to be wave 1 both daily and weekly. Also complies with all fractals in both.
Comment:
NKE printed a weekly bearish divergent bar at last week's close.

Price is still above the daily Balance Line. If it closes below it, I will close the position for a small win.

If price is below the weekly divergent bar low by friday, I will also close the position, for a potentially larger win.

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