NKE fell from a bearish rising wedge and appears to have recovered forming an ABC Bullish pattern in the process..
Pole is too slopey and humped over due to the rising wedge pattern, so I did not count it as a bullflag.. (O:
ABC patterns are calculated using the lenth of the AB leg and fib levels. Possible stop a bit below C. A must be lower than C.
It is a measured move down within a larger measured move up.
Targets 2 are long term and probable pull back of some sort before they occur. I Keep my eyes on targets one
Not a recommendation
If you have any questions, feel free to ask. If you never ask, the answer seems to always be No
Pole is too slopey and humped over due to the rising wedge pattern, so I did not count it as a bullflag.. (O:
ABC patterns are calculated using the lenth of the AB leg and fib levels. Possible stop a bit below C. A must be lower than C.
It is a measured move down within a larger measured move up.
Targets 2 are long term and probable pull back of some sort before they occur. I Keep my eyes on targets one
Not a recommendation
If you have any questions, feel free to ask. If you never ask, the answer seems to always be No
D is the Target..best to get out when D arrives as cycle starts again or a new trend or pattern.