NEO is on a march to great things, but after this enormous climb over night, NEO will need to take a breather.
After this impulse up, Elliot Wave Theory states that it must retrace in a 3 wave pattern, ABC. We have seen the A --B side of the correction, and now we await the -C drop.
It will need to drop to roughly where A dipped, most likely slightly lower since it will need to test this is the new "bottom" and once the market has confirmed it aint dropping no more = NEO CLIMBS!
After this impulse up, Elliot Wave Theory states that it must retrace in a 3 wave pattern, ABC. We have seen the A --B side of the correction, and now we await the -C drop.
It will need to drop to roughly where A dipped, most likely slightly lower since it will need to test this is the new "bottom" and once the market has confirmed it aint dropping no more = NEO CLIMBS!