Hello, this is my first post on here, so take it with a grain of salt. If my Elliott wave count is correct and based on previous resistance/supoort levels NEO should be going to $300 on this 5th wave and then doing a good ABC correction.
While I would love nothing more than NEO hitting $300, I'm afraid that is not a valid elliot wave since wave 4 overlaps wave 1 almost entirely.
Keep at it though, welcome to the world of charts, happy trading :)
ChovekaZavur
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@Sijan117, thank you for the input, now that you've mentioned it I didn't know there was a rule about waves 4 and 1 not overlaping. I'll look into it now~
SijanC147
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@ChovekaZavur, No problem, glad to help, there are 3 primary rules that are illustrated nicely on this image,
Keep at it though, welcome to the world of charts, happy trading :)