Neo looks to have completed a full 5-wave bull cycle. If this count holds, we slip into $70.. good risk reward on the short, but what I am more interested in is the buy-side opportunity that may present itself afterwards.
Trade closed: target reached:
we broke the 50% retracement level and are now sitting between that and the 61.8% level. This could trade side-ways before buyer come back in.
Comment:
Very deep consolidation, but it seems like buyers could slowly start picking this up.
Comment:
Might this be the bottom?
