$NKE TOP 20
Added 2024-01-21 21:23:30 +0000 UTC$NKE is struggling to find its feet and was not able to hold the 0.618 Fib so I believe it comes down to the next Fib level at $96 next to try and find support....we can also see that the 0.78 Fib is very close to the historical yellow support line too, so this would be a very strong confluence level here.
Losing this level would not be a good sign for $NKE and it will likely come down to the buy zone and complete Wave C if this happens.
For now, the bulls do have this strong confluence level and the bears have a big battle on their hands to break down through this level.
