$NKE TOP 20
Added 2023-05-15 10:20:21 +0000 UTCStrong pull back down to the first bull flag again but it is likely pulling back to the 0.78 Fib level to complete Subwave 2 of Wave C.
The RSI on the 1hr got as low as 16, meaning it was deep in the oversold territory and the MACD is showing it is over extended from selling.
I suspect it will recover here and continue to follow our count.
On the daily chart, it is considerably above the 200 Day MA so the trend is still moving higher, so we are likely in a pull back for Subwave 2.
