Ideas combine Dow theory, Wyckoff and Fibonacci. No other indicator used.
Neo is currently moving down after a huge selloff.
After careful examination and looking for the equilibrium zone, it is found that highest probability zone for optimal buying sits between 11.87 - 11.58 area (between the 0.382 - 0.05 levels)
A candle-close below 11.58 will invalidate the idea.
Looking at a 36 min chart here.
Neo is currently moving down after a huge selloff.
After careful examination and looking for the equilibrium zone, it is found that highest probability zone for optimal buying sits between 11.87 - 11.58 area (between the 0.382 - 0.05 levels)
A candle-close below 11.58 will invalidate the idea.
Looking at a 36 min chart here.
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