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All right, folks, let’s take a look at Nike in K, this is one of my top picks for the week, the week of free eight. Now, of course, all is going to depend on how we open up on Sunday and Monday with the continuing escalation and volatility we’re seeing in Eastern Europe. But this is a bullish setup on Nike, everybody knows what Nike is in case he, this trade has been profitable 86% of time over the last seven years. Pretty good data, there’s let’s take a look at the chart. So over here, we’re looking at the weekly we’re looking at the daily on the right, see that we have come down here into long term structure. Now this is an area that I would expect a hold, of course, depending on global market indices, or by a minimum a reaction, which we already get. So we did get a reaction here last week there on 224. And we popped up and now we’re coming back into this area. So this area I’m watching closely, not only are we trading in longer term structure, we have bullish divergence signals. And we’re also getting a one to three bottom print right here. So notice that that number two violation right here at 139, would be a confirmation of that 123 bottom. And that would also be a break of trendline resistance. And that would give me enough conviction to go ahead and take this trade to the long side. Now I’m gonna be talking about the three point price action formula that spots market reversals on Tuesday, March 8 at 7pm. Eastern, I’m going to hyperlink you to this page. All you got to do is click the orange button to register. We’re going to be talking about those same concepts that we just discussed there on Nike on how I use this method for extra confirmation. I look forward to seeing you there.
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