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Nike: ⬇️ Sell
– Nike recently broke support area
– Likely to fall to support level 64.00
Nike recently broke the support area between the key support level 70.70 (which stopped the previous correction (4) in July) and the 50% Fibonacci correction of the upward impulse from June.
The breakout of this support area accelerated the active medium-term impulse wave (C) of the long-term ABC correction (4) from the end of July.
Nike can be expected to fall further to the next support level 64.00 (former resistance from June and the target for the completion of the active impulse wave (C)).
Source: https://fxpro.news
