NIKE - Just Trade the Wedge?

1 thg 2, 2024

This wedge has formed and should be a super consistent pattern to trade within until we see a breakout (probably to the upside).

Excellent long opportunity, my long entry is around $95 as I like to get the best price possible.

I may also dollar cost average down via writing weekly expiration at the money puts (being paid to place limit orders) in order to generate some extra cash flow along the way.

Please use proper risk management.

Thanks!