Strong candle rejecting the bears above the 55EMA. divergence on RSI spotted yesterday is now confirmed and there is a strong support trendline on the RSI oscillator. I believe the Target price will be 0.008521 - extracted from first wave fib retracement.
Kommentar:
Failed attempt of the bull which result in price going lower the 55 ema.
NEO seems to be ranging (confirmed by ADX <20 and ATR decreasing)
Didn't close my trade yet since it is still above my stop order and i remain bullish although the fail elliott wave attempt. if i was not in this trade, i would trade the range 0.008100-0.008230