Priceline of NEO / US DOLLAR has formed bullish gartley and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence as below:
Buy between: 10.63 to 11.34
Sell between: 11.88 to 13.23
Atif Akbar (moon333)
NEO Corrected 93% from its All Time High . Now going inside a Falling wedge on the 4 Hour Chart. If price move up from here towards the uptrend line of the wedge then 26 EMA will work as resistance. If price move down from here then we should look at the downtrend line of the Wedge if break the downtrend line then most likely NEO will retest the 161.80% FIb level...
the trend is bearish. You can see my disassembly of the structure of the NEO. At this point, you should be careful. We have a bullish divergence of the higher order and a strong oversold of the same order in favour of longs. From the point of view of my analysis, use limit orders in 2 zones. In the 2nd area he'll definitely...
I am predicting a retrace to the key .236 fib level, from there to continue NEO/USD clear downtrend to the key 49.00 S/R level where we may see some consolidation back up to the trend line.
Welcome everyone, hope you all are doing well. Let us look into another trade opportunity.
NEO, another great project. If you remember, i gave a buying signal at $76 a week ago. ( HERE: )
After that, NEO fell back and fell into consolidation region. But now, i am seeing some early signs...