NEO is showing us a nice reversal wedge. We're currently on the E wave approaching the 2021 Impulse Generation Level.
We may not get there - if we break early, watch for the descending wedge to breakout.
Trade Idea:
- Enter on break of descending wedge with stops below the lows
- If we make it down to the structure level, watch for bullish PA and then enter with stops below the lows
- Targeting the 66 level but will be taking positions off gradually
Goodluck!
We may not get there - if we break early, watch for the descending wedge to breakout.
Trade Idea:
- Enter on break of descending wedge with stops below the lows
- If we make it down to the structure level, watch for bullish PA and then enter with stops below the lows
- Targeting the 66 level but will be taking positions off gradually
Goodluck!