Nike
Short

Bearish Divergence(NKE)

Aktualisiert
Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target to 150 as a great place to consider cashing out your puts due to it being the 0.5 Fibonacci Support. If we keep getting bearish signs a target to 135 will be made since that was where the gap up started.

Bearish Signals
-Squeeze Indicator(4h)
-Bearish Divergence
-Willy Oscillator

Fibonacci Price Targets
-1st 164
-2nd 156
-3rd 150
-4th 144
-5th 135
Anmerkung
NKE just Indicated a reduction in buy momentum, giving greater validity to our PUT, Play. For greater confirmation I will be watching the volume of the current waves
Bearish PatternsbearishdivergenceTechnical IndicatorsNKEnkeshortoverboughtshortTrend Analysis

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