$NEO one more leg down?
I was looking at the chart and trying to find reasons that NEO could break out to the upside.....
Unfortunately for some of you , I didn't those reasons.....for now.
I thought we made a 5 legs movement down, but re analizing, I think the chart and legs should be labelled like this, what gives me the idea that we might get one more leg down.
Look to the left, its a blue zone which I marked also in my previous NEO chart. Its the accumulation zone before the big pump. Fibo extensions also confirm we might go to that area again. MACD also not showing signs of recovery.....
Unfortunately for some of you , I didn't those reasons.....for now.
I thought we made a 5 legs movement down, but re analizing, I think the chart and legs should be labelled like this, what gives me the idea that we might get one more leg down.
Look to the left, its a blue zone which I marked also in my previous NEO chart. Its the accumulation zone before the big pump. Fibo extensions also confirm we might go to that area again. MACD also not showing signs of recovery.....
Related publications
Disclaimer
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.