ABC Bullish

NKE fell from a bearish rising wedge and appears to have recovered forming an ABC Bullish pattern in the process..
Pole is too slopey and humped over due to the rising wedge pattern, so I did not count it as a bullflag.. (O:

ABC patterns are calculated using the lenth of the AB leg and fib levels. Possible stop a bit below C. A must be lower than C.
It is a measured move down within a larger measured move up.

Targets 2 are long term and probable pull back of some sort before they occur. I Keep my eyes on targets one

Not a recommendation

If you have any questions, feel free to ask. If you never ask, the answer seems to always be No

Kommentera:

I forgot to draw the trendlines between A&B and B&C..sorry..but you can see the letters at least. I can not go back a fix it without deleting the chart and starting over..so I won't..good luck!
D is the Target..best to get out when D arrives as cycle starts again or a new trend or pattern.