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TrendyTrades: NKE bounce off 45MIN Demand

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Nike (NYSE:NKE)  
Trendy-Neck  
NYSE:NKE   Nike
Trend Analysis Supply and Demand Fibonacci NKE Supply Zone Demand Zone trendyneck trendytrades
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trendanalysis supplyanddemand fibonacci nke supplyzone demandzone trendyneck trendytrades
Using the trend-based fib extensions in combination with a 45MIN Demand, I've analyzed that there is a potential trade opportunity with NKE. If price can drop from supply (which it already has started) to around 132.61 which is confluent with a fib level, we can see price bounce up to supply once again at 134.76 and possibly break-through reaching the 1.618 golden ratio fib level that is sitting at 135.44

Placing a ight stop-loss would be ideal with this as the market is choppy today and anything can happen.

NKE
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