The Long Investor
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$NKE TOP 20
🕑 Added 2025-03-02 19:55:48 +0000 UTCWe have been watching this week to see how the price would handle the test of the 200 Day MA at $81 and so far we have resistance and the start of a rejection which is good to see because we only have 1 wave up so far....so here is the crucial part coming up, a test of a higher low on the green fib levels for Wave 2.
We can see that the 50 Day MA is in between the 0.5 and 0.618 Fib levels now at $73 - $75, so we want to see a 3 wave pull back to this confluence level, a hold here and you know what to do, you add in the Buy Zone.
