Hey Guys , What do you think about my analysis here on Nike
As you can see price has reached previous all time high and price has finally back retest to the support area which is from the previous breakout,
and it did also leave a small gap from the previous breakout , what we expect from there is back to fill up the gap and now it already did happen ,
what we are looking for from here is , let's wait for another bullish confirmation or a candlestick rejection such as bullish engulfing or doji to form morning star pattern for our entry position ,
there are some confluences that i stated right there for our long position,
""it might be not a good opportunity to buy long in this moment as Investor or Trader fear of the interest rate hikes and bond yields rising""
lets take the trade with your own risk !
Give me a like and comment if you like this idea !
As you can see price has reached previous all time high and price has finally back retest to the support area which is from the previous breakout,
and it did also leave a small gap from the previous breakout , what we expect from there is back to fill up the gap and now it already did happen ,
what we are looking for from here is , let's wait for another bullish confirmation or a candlestick rejection such as bullish engulfing or doji to form morning star pattern for our entry position ,
there are some confluences that i stated right there for our long position,
""it might be not a good opportunity to buy long in this moment as Investor or Trader fear of the interest rate hikes and bond yields rising""
lets take the trade with your own risk !
Give me a like and comment if you like this idea !
Comment:
hopefully we can see up to the taget
