Long NKE above 139.36 Long

Nike, Inc.NYSE

Description

⋅ May 17, 2021 7:00 PM

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.

NYSE:NKE

Comment

⋅ Jun 25, 2021 1:39 PM

Opening today at close as long as price does not cross the Balance Line (red) downwards.

Trade active

⋅ Jun 25, 2021 5:35 PM

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

⋅ Jul 20, 2021 1:47 AM

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.