So far $NKE has found support on the 0.887 Fib at $73 and has bounced very well to $77
Price is still in the Buy Zone and something that should be strongly considered if you intend to hold for Long Term.
The price is also still below the 50 and 200 Day MA's too, so until the 50 Day MA first is recaptured, we can not confirm the reversal.
So far we have a one wave bounce, so we need a higher low next to show subwave 2.
$NKE is still very attractive at these levels.