Hi everyone:
NIKE has been on my long term investment since the Covid recovery price action,
and still looking clean for further up move.
We can see the overall price has been in a bullish up trend
since the Covid drop.
Price was able to have a bullish reversal impulse up, breaking above all time highs,
and formed continuation correction, which is where I got in.
For me, equites are mostly for investment purposes and not day trading them,
hence I can comfortably holding the shares for any deeper corrections.
Latest price had a strong bullish breakout from the HTF correction, good indication for further upside potential.
What I would wait for is a lower time frame continuation correction to develop,
that will give us one final confirmation for the next buy move
NIKE has been on my long term investment since the Covid recovery price action,
and still looking clean for further up move.
We can see the overall price has been in a bullish up trend
since the Covid drop.
Price was able to have a bullish reversal impulse up, breaking above all time highs,
and formed continuation correction, which is where I got in.
For me, equites are mostly for investment purposes and not day trading them,
hence I can comfortably holding the shares for any deeper corrections.
Latest price had a strong bullish breakout from the HTF correction, good indication for further upside potential.
What I would wait for is a lower time frame continuation correction to develop,
that will give us one final confirmation for the next buy move
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