Photo by wu yi on Unsplash
 

Nike (NKE) made an impulsive five-wave recovery at the end of 2022 that is following by an (A)-(B)-(C) corrective setback in the first half of 2023, which gives us a nice bullish setup formation. Now that is trading at an important and golden 61,8% Fibonacci retracement and 100 support area after filling an earnings gap, seems like it’s getting ready for a bullish continuation in the second part of 2023.

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