waves has been moving in a down channel but the price is at a good support line so it might rebounce a little bit to the upside then it continues its bearish move to the down side to maybe 46xxx then there is 2 things that might happen to go up to its previous price at 6xxxx or break the down channel and go to hell
as i said before it was a valid batpattern and our 1st target was 12k we reached 11700 so yeah target 1 achieved we might see a little retrace then head to the 2nd target but according to these fibs that i have drawn we touched the 61.8% golden ration so we might start moving to 15k right now i still belive that before april we will break 20k
target might be aroung 700 if breaks out of the ichimoku cloud
neo has brokenout of a down trend and from an ichimoku cloud which resulted it it rising this much i expect it to go down to the first support line and then continue rising again the first support line aligns perfectly with a 0.5 fib support and a bearish macd and bollinger band is a confirmation
the price has bounced from my last idea here if it surpasses the 50 ema we might see the target 3 being achieved