NIKE INC. B stock forum
Price reacted as expected from the mid-term resistance zone outlined in early July, pulling back toward the initial macro support targets at 74–68.
Given the structure of the decline, I consider the move from the July highs to be only the first leg of a broader correction, with potential for a bounce followed by another leg lower, deeper into the macro support zone.
Chart: tradingview.com/x/X5BEwnn5/
On mid-term resistance (Jul 29): tradingview.com/symbols/NYSE-NKE/minds/?mind=rNgtqMseRIOGy6JzaX7fnQ
On mid-term support (Jul 13): tradingview.com/symbols/NYSE-NKE/minds/?mind=cbDRKFMOT3Op6kXWVbXAig
On bullish potential (Jul 1): tradingview.com/symbols/NYSE-NKE/minds/?mind=vX_ApXcUSmuqYT3-464aqQ
On macro-bottoming potential in Apr:
Idea: NKE: Macro structure [Monthly …

📌 Macro structure (Monthly)
Idea: NKE: Macro structure [Monthly …
Currently, on the daily chart, price is trading inside the mid-term resistance zone, with an ideal extension target near 83.
As long as price stays below 83, I’m expecting a mid-term top to form and a pullback into the 70–72 support zone.
📉 Chart: tradingview.com/x/3AxpZQrs/
📌 Previous update: tradingview.com/symbols/NYSE-NKE/minds/?mind=cbDRKFMOT3Op6kXWVbXAig

Higher resistance targets remain in focus in the coming weeks.
Chart: tradingview.com/x/GUzCml9t/
Previously: tradingview.com/symbols/NYSE-NKE/minds/?mind=vX_ApXcUSmuqYT3-464aqQ
On macro-bottoming potential in Apr:
Idea: NKE: Macro structure [Monthly …
