Neo is currently trending in the green channel, if channel is broken the last support line is the red line. As long as Neo follows within the range of the white EW this play is possible.The 3rd wave cannot be the shortest and wave 4 cannot fall below wave 2 so these are basically the last bullish scenarios left. If red support line is broken this chart is invalid, this is a technical analysis and not financial advice.
Note
looking good so far and neo is back in the green channel.unfortunately i pulled out of this trade. if you're trading this, use a tight stop loss.
Note
Trade closed: stop reached
The targets from the chart above has all been reached if you press play. More or less the wave count has been pretty accurate Update:
link to new chart to be tracked:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.