$NKE finished the week testing the 50 Day MA in between the 0.5 - 0.618 Fib, making this a confluence level.
We will be looking for signs of a reversal here and just like $DIS, if there is a reversal next, the 200 Day MA at $94 would be the next target for Wave 3.
$NKE is also in the Buy Zone too, so there is value on the table here and it is a sector leader for decades, a buy and hold strategy here would make a lot of sense.