This AT is just for sharing my opinion and debate with yours . Its not what is going to happend . Do your own Ressearch !
For me we are in a descending Triangle with strong support tested several times
Old resist in red , Tested support in green arrow
NEO is reaching strong support with decrease of volume in the end of triangle since...
strong up trend (flag pole).
Through the duration of this uptrend, prices need to rest and consolidate those gains. price consolidation becomes the ‘flag’ of the pattern.
The flag portion of the pattern tends to be a gently downward sloping price channel.
break up above the upper channel
price target base on the length of the flag pole
fell back to the 78.6% level, where it found support
Price will go the way to the 61.8% level, which lined up closely with the previous Swing High.
Possible way 5 ( Elliott ) confirming if cross the high orange line.
any idea ?