Reached my target on neo very quickly and it is now retracing back to support. Also appears to be forming a potential head and shoulders pattern.
If the previously respected level of support does not hold this time then we may see neo head down further to retest the weekly resistance and trend line around the 48-490000 sat level.
If the support holds as it has previously we may see a bounce to retest the previous rejection level or possibly some consolidation around support.
Watching closely for some confirmations.
If the previously respected level of support does not hold this time then we may see neo head down further to retest the weekly resistance and trend line around the 48-490000 sat level.
If the support holds as it has previously we may see a bounce to retest the previous rejection level or possibly some consolidation around support.
Watching closely for some confirmations.