Updated: NEO show a bearish rising wedge forming in H1 timeframeI reccomend to closed up the long position and don't make anything until NEO reach down to the key support to bought. This it's a manipulation pure!!!
So, to respong your question, remember we are entry in the new cycle and my perspective it's bullish
Now, the H4 it's the key, and we would need to hope the formation of the latest C of the elliot wave correction ABC to entry in the next elliot wave cycle in H4 timeframe. So, I will going to still alert in the next hour when NEO reach down in this support between the $16.50 USD to $16.70 USD to activate our long position in this zone. going to break down the yellow zone below of $16.20 USD. That it's my other scenario to put a short position.
This it's my clear chart. And also, I make an update of the candlestick color if you see, so, we hope a bear scenario soon to these level, so I do not reccomend to put any short position when we are in the bullish trend, if you want to put any short position, the only that I want to see it's that NEO. And remember, the grey zone on H4 timeframe where it's into the yellow zone Daily, this is another reaction that we need to put any long position in H4 timeframe with a candlestick confirmation!!!
So guy, it's based in my elliot wave studies!!!
