$NKE is battling to hold onto the 0.887 Fib at $92 which is the last line of defence before a retest of the previous low at $88.
If $88 is lost then the Buy Zone is in a strong position next below $82 and I won't be ignoring $NKE in the buy zone.
We can also see that the price action retested the yellow historical support line from below and has failed so far on the retest.
The trend continues to lean to the downside and moving averages show a clear downward trend here still.