Nike Bullish set up! Charts say bounce likely to happen.NIKE, Inc. Class BBATS:NKEupbeatsoundstudiosFactors of the trade : 1) forming a long term falling wedge pattern which is bullish! ( on the weekly) 2) Time count on the weekly 3) Into major support 4) incredibly over sold! Using TA and removing the emotion on the trade. This is bullish and even a candidate for a short squeeze! The pattern is in the weekly, so the bigger picture is bullish. To be clear this is a swing trade that can play out in days or even weeks. I'm just looking for a 10% bounce but has the potential of a bigger bounce. Great buy at the red support trend line around $41.11 When to stop out: Any close below the wedge support line AND a additional candle close below the break down candle low! Is conformation that the pattern failed. This prevents fake outs! If it recaptures support then it resets and you would again need a close below (break down candle) and another close below the breakdown candle low! Hope you enjoy! cheers and happy trading !