Neo's fight to break the downtrend

Despite a massive nice jump today NEO is still in a downtrend. It is currently respecting the fib levels nicely, however the pitchfork shows it still wants to move down. It broke above the resistance of the pitchfork briefly probably due to momentum. Chances are whichever direction it breaks out of the channel next is the direction we are heading.

Happy trading.

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If you expand the bottom blue line (resistance) we are looking bullish. Will update again in a few hours hopefully.

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Looking good.

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Still fighting, not much movement towards a breakout.

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Still moving down, no signs towards a breakout.

matthewkatz72

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