$NKE — Mind Investor: Elliott Wave reversal zone $22-40

Mind Investor posts a multi-decade monthly Elliott Wave analysis on $NKE (Nike, NYSE). Current price at $54.17. The analysis suggests NKE completed a massive 5-wave impulse from the IPO lows to the $180 peak, and is now in an A-B-C correction targeting a "Reversal Zone" between $22.00 and $40.00 (0.786-0.887 Fib retracement).

Key Levels

• All-time high: ~$180 (Wave 5 peak)
• Wave B peak: ~$130 (dead cat bounce)
• Current price: $54.17
• Reversal Zone (target): $22.00 - $40.00
• Upper bound: $40.00 (0.786 Fib)
• Lower bound: $22.00 (0.887 Fib)

Analysis

Massive degree Elliott Wave count suggests the entire multi-decade uptrend from Nike's IPO lows is correcting. The A-B-C structure has Wave A dropping to ~$80, Wave B rallying to ~$130, and Wave C currently in progress. The reversal zone at $22-40 represents an 80-88% retracement of the entire bull market — a rare, generational level. The thesis is that once NKE reaches this zone, a new multi-decade bull market begins.

Relevance

Directly relevant — user holds 10 shares of NKE at avg $76.92, currently underwater. This analysis suggests further downside of 25-60% from current levels before a bottom. Painful if true, but the long-term opportunity at $22-40 would be generational.