$NKE
is showing a pullback-long setup after sweeping the $35.41 low and reclaiming the $35.50–$36.02 support zone.
Buyers are trying to hold above $36.00, while $36.40–$36.66 is the immediate resistance/breakout zone. A rejection there could send price back toward support, so I would avoid chasing above resistance.
EP: $35.85–$36.05
TP1: $37.03
TP2: $37.41
TP3: $38.17
SL: $35.30
The $35.41 sweep creates nearby downside liquidity, while the $36.40–$36.66 area is the key supply/breakout zone. Holding the entry area keeps the structure constructive; a move below $35.30 invalidates the setup. The targets stay within previously traded resistance rather than assuming an extreme continuation.
is showing a pullback-long setup after sweeping the $35.41 low and reclaiming the $35.50–$36.02 support zone.
Buyers are trying to hold above $36.00, while $36.40–$36.66 is the immediate resistance/breakout zone. A rejection there could send price back toward support, so I would avoid chasing above resistance.
EP: $35.85–$36.05
TP1: $37.03
TP2: $37.41
TP3: $38.17
SL: $35.30
The $35.41 sweep creates nearby downside liquidity, while the $36.40–$36.66 area is the key supply/breakout zone. Holding the entry area keeps the structure constructive; a move below $35.30 invalidates the setup. The targets stay within previously traded resistance rather than assuming an extreme continuation.
