NEOUSD Has Broken Triangle Support Further Downside Action
That's not to say that prices can't come back into the triangle area that they just came from. They can and often do. Until wedge pattern resistance is broken and price heads upward, look for further dropping of price to include pullbacks and channels within the wedge. Prices can and do at times continue in a straight downward fashion avoiding channels and pullbacks. So be on the look out for that also. Traders will often take short positions from here and some will remain on the sidelines waiting for deeper price declines to enter long positions. All of this depends on your objective and whether you're an investor or trader.
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