Appears to be trading in a and pulled back to the 1.272 of XA. Hopefully NEE is finished pulling back but I guess we never know. Shocked me for sure that this has pulled back as far as it did and is still struggling. Patterns are formed by market psychology, so folks have obviously been on NEE )o: A is caused by too much buying without healthy pull backs, so perhaps there was not enough folks left to pick NEE back up. Dunno. I know folks must tire of my talk about the pattern, but they can be devastating.
Not a recommendation
patterns do well in a Bull market. Long entry is a break of the neckline and an uptrend. NEE has broken the neckline and experienced a throwback. NEE is now under the neckline again and obviously struggling. Strong stock though.