Update on Nike Swing

Nike (NYSE:NKE)  
Trade on Nike Swing is no longer relevant because of following :
1) Nike has been unable to higher high which indicates lack of buyers in the market
2) Also, Nike has started consolidating at the supply zone and on top of that it is not heading higher. Which means Nike is distributing right now.
3) Also Nike is distributing on top of demand which means that demand zone will be violated

Right now there is no trade now. But I'm explaining that the long Swing trade is no longer relevant.
Wait for Nike to shape for new opportunities

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