NKE: Macro structure [Monthly time frame]

Price reached the top of the macro support: 56-27.



The correction from Nov'21 top has a picture perfect three-wave structure that has reached area of an ideal extension to finish itself (60-44 support).

Although, within the context of todays market uncertainty, recovery from this support zone, might still be a larger bounce before one more leg-down deeper into macro support



Best of trading and investing decision and thank you for you attention!