$NKE , IdeaNYSE:NKE - Monthly Structure | Two Scenarios Mapped
Nike has been in a sustained downtrend from its 2021 highs near $180, now trading at $44.63 — levels not seen since 2018.
Price is currently breaking below a key cluster between $52.26 and $56.30, with no significant structure below until the $38-40 zone.
Two scenarios are mapped:
Scenario 1 (Blue) — Direct continuation:
Price continues lower without meaningful recovery, targeting the $33.16 / $30.06 / $26.80 zone.
Scenario 2 (Green) — Dead cat bounce first:
A relief rally back toward the $52-60 cluster before resuming the downtrend, ultimately reaching the same target zone around $33.
Key levels to watch:
Resistance cluster: $52.26 / $56.30 / $59.99
Next targets: $40.36 / $38.54 / $36.50
Extended targets: $33.16 / $30.06 / $26.80
Both scenarios share the same destination. The path is the only variable.
Every level defined before price arrives.
Rule-based. Non-discretionary.
No narrative.
## EQC System ##
⚠️ Financial Disclaimer:
This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult.
Always do your own research and never trade based solely on internet comedy.
