Ok I missed it several times on a row but NEO is looking like reverting from a break down on the 0.5 retracement fibonacci, which means it setup a bear trap and is going bullish. But I am a bit ahead of myself here because it didn't crossed above the 0.5 level. It may just test it from the downside and resume downtrend but the risk reward ratio is way higher for a bullish move and this is just a possible setup that might occur or not. The strategy is to buy by crossing above or short if the test fail, just put a close stop loss in order to make for high risk return so if you are wrong you will loose too little but if you right that's 126% percent profit waiting for you to pay any other losses and make your profit/loss ratio even higher.
Note
Zoom with the key point on 105.52Trade closed: stop reached
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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.