NEO Support Line / Resistance Line - Wave 3 About to Start?

Neo has retraced a little less than 76% from its ATH. With this fact, we can rule out the fact that it was in its wave 4 as Fib rule says it wave 4 retracement cannot retrace more than wave 1 high.

Drawn out is the support and resistance lines for Neo and we can possibly see Wave 3 start soon. By end of November, I can see Neo setting its new ATH.

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Kommentar:

Neo has yet to break the resistance line and we might actually see it fall back to the support line.

Trade ist aktiv:

Neo's resistance now is the support. Should go for a nice long run here.