$NKE TOP 20
Added 2024-01-07 20:22:59 +0000 UTC$NKE has pulled back exactly to the 0.618 Fib now, in fact it finished the week within a few cents of the Fib level, which means the price is respecting the level but it has been a very quick pull back and arguably difficult to see 3 waves from this chart, on the one 1hr chart is certainly more clearer.
So we will see how the week progresses here, a bounce and pull back to the 0.618 Fib again for a second retest will be sufficient for us to believe that the 0.618 Fib has done its job and this is now a support line.
Failure to hold here and the price can come down to the yellow historical support line again at $93 and will need to hold this level.
