Update on that Nike monthly map. Back in April I flagged ~34 as the FE100 (Fib Extension 1) demand zone. Classic 1:1 projection. Structural support on the higher timeframe. October finally delivered the test. Price tagged the area, briefly undercut into the low 32, then buyers stepped in. From that reaction NKE pushed back toward the high 38. The level did its job. Demand showed up where the Fib said it should. What I'm watching next: Hold above that 34 zone and the bounce stays valid. Lose it cleanly on a monthly close and the map resets lower. Still treating 34 as the key monthly line, or do you see a better one now ?
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