NYSE:NKE is retesting the earnings candle high and the bottom of the bull gap here.
Volume patterns look good on the way down.
Would want to see strength above 80.00 for an entry.
Or a higher low above 80.00 backed up with bullish volume.
I want to short AMEX:IWM on a retest of 216.62 (orange circle) after it fills the hidden bull gap from 213.60 - 215. My final take profit will be at about 209 - 209.50 area, which is the equilibrium of the current uptrend and a previous swing high spot.
I will be looking for longs at this general 209 area back up to 216.62.
The current uptrend is very much...
Looking at an NYSE:OXY short at discount from the swing high, swing low. I marked where I think bears currently have control (where bulls haven't been able to move price past and where bears have been aggressive). I'd like to see slow bullish progression into this area and see the tape heat up as we approach the spot.
I want to catch a NYSE:HD short on a higher low (of the slow bullish campaign) being taken over by a lower high on the way down for a break of structure. A nice R/R will happen here.