This is still in the making. Wait for the bearish signal to short. Short until 0.5 retracement as first target.
DONT WAIT ON SECOND TARGET. IT MIGHT NOT HIT TP2 SINCE THE PICE MOVEMENT IS SOO BULLISH!!!
AGAIN, WAIT ON THE CYPHER TO FORM FIRST AND LOOK FOR BEARISH SIGNAL
I have displayed the trade i took.
Being conservative with the target price since Cdn GDP didnt increase as expected (just heard the news)
RSI is low so right now is the good point of entry. Or else wait for the pullback. Cypher pattern is confirmed and on the dot!!!
Short term bearish and Long term Bull
WATCH FOR EARNINGS, CLOSE POSITIONS BEFORE THAT !!!
Nike has been beating earnings in the past, its only down because of the sales growth outlook. Expect NKE to beat earnings again.