= ELEMONT FX =
Analysis:
- NEO has corrected from a bull-run, sitting at the 61.8% fib level
- NEO is also at the bottom of its current price range (channel)
- We expect bullish momentum to continue and price to head towards the top of the range (channel)
- A break below support should see 6,300 come into play
Targets
1. 7,500
2. 7,950
3. 8,900
4. 10,000
5. 10,850
Analysis:
- NEO has corrected from a bull-run, sitting at the 61.8% fib level
- NEO is also at the bottom of its current price range (channel)
- We expect bullish momentum to continue and price to head towards the top of the range (channel)
- A break below support should see 6,300 come into play
Targets
1. 7,500
2. 7,950
3. 8,900
4. 10,000
5. 10,850