NokiMo
The Long Investor
The Long Investor

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$NKE TOP 10 & TOP 20

We were interested in adding $NKE on a retest of the $60 level this week and it did happen but the $UNH set up was too big to ignore and we prioritised adding at the $250 sweet spot there over all other positions and I believe it was the right call

Because we can wait for $NKE to pull back for Subwave 4 to the 0.38 Fib at $61 - $60 to catch the entry here again before moving higher for Subwave 5 at $73

A second retest and hold above $60 is a bullish and buy signal.

$NKE TOP 10 & TOP 20

Comments

White fib only comes into play if we reached the end of wave 3 So for now I just wait for wave 3 to complete, adjust the white fib to the real wave 3 top and wait for the wave 4 retest

Gabriel G

Cap, could we be close to an add here? Price below white .382 fib - maybe wave 3 has completed?

Mark H


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