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NEO
Updated

Neo triggering an inv h&s pattern

178
Almost up to its measured move target already. Can see it’s also about to have a golden cross.
Note
The left shoulder is actually much smaller than the green curve on the left indicates.
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My guess is after reaching the target it will correct back to retesting the pink neckline as new solidified support possibly around the same time the 50ma climbs to the same level as that neckline for double reinforced support.
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Target more or less hit!
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After hitting the target price retraced down to the dotted measured move line and is currently finding support there.
DrDovetail
Chart PatternsInverse Head and ShouldersNEOneousdTrend Analysis

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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.
Chart PatternsInverse Head and ShouldersNEOneousdTrend Analysis
DrDovetail

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.