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Message: [QUOTE="Elliottwave-Forecast, post: 241974, member: 40858"] Hello everyone! In today’s article, we’ll examine the recent performance of [B]Nike Inc. ($NKE)[/B] through the lens of [B]Elliott Wave Theory[/B]. We’ll review how the rally from the February 07, 2025, low unfolded as a [B]5-wave impulse[/B] and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. [HEADING=3]7 Swings WXY correction[/HEADING] [IMG alt="$COIN"]https://elliottwave-forecast.com/wp-content/uploads/2024/09/WXY-Structure.jpg[/IMG] [HEADING=3] $NKE 1H Elliott Wave Chart 3.03.2025:[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2025/03/NKE-1H20250303175341.jpg'][IMG alt="$NKE"]https://elliottwave-forecast.com/wp-content/uploads/2025/03/NKE-1H20250303175341.jpg[/IMG][/URL] In the 1-hour Elliott Wave count from March 03, 2025, we see that $NKE completed a 5-wave impulsive cycle beginning on February 07, 2025, and ending on February 26, 2025, at the blue (1). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $76.70 and $74.05. This setup aligns with a typical Elliott Wave correction pattern (WXY), where the market pauses briefly before resuming the main trend. [HEADING=3]$NKE 1H Elliott Wave Chart 3.10.2025:[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2025/03/NKE-1H20250310174918.png'][IMG alt="$NKE"]https://elliottwave-forecast.com/wp-content/uploads/2025/03/NKE-1H20250310174918.png[/IMG][/URL]The update, from March 10, 2025, shows that $NKE reacted as predicted. After the decline from the recent peak, the stock found support in the equal legs area, leading to a bounce. As a result, traders could adjust to go risk-free. [HEADING=2][B]Conclusion[/B][/HEADING] In conclusion, our Elliott Wave analysis of Nike Inc. ($NKE) suggested that it could bounce in the short term. Therefore, traders should be risk-free and keep an eye out for any corrective pullbacks. By using Elliott Wave Theory, we can identify potential buying areas and enhance risk management in volatile markets. Source: [URL]https://elliottwave-forecast.com/stock-market/nike-inc-nke-blue-box-area-offered-buying-opportunity/[/URL] [/QUOTE]

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