NEO is back, looks to good to be true, but it is preparing a Rocket after completing ABCDE correction, as always, things can turn around and break on the opposite, so there is a lot of strategies you can go on here a trigger level on green line, a middle target and the final one all this in about 2-3 days. So you can enter now with a good risk management and good risk reward ratio or wait if it goes to the green line to buy. You can also buy on crossing the MA50 upward.
Note
NEO neither cross the MA or reached the green dash line. It is now about to break down. Those who got in using risk reward, already got stopped I presume.Note
Our setup got broken so I will publish below the bearish setup on breaking dow, so this new setup is for shorting, it only start by breaking down the green dash line, last low, with target down -8% within 1 day:Note
Neo is ahead of schedule, so I think I got the timing wrong this is the new timing:Note
Due to charting imprecision we can consider our target reached, there was 1% difference and that's happens a lot with circle Fibs:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.