Neo: Great Zone to Watch for Longs

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Price in Neo is being in a selloff making a correction since it reaches 48.1516. It is now heading towards a great zone to watch for a long setup. Previous structure, the lower quartile of an upsloping median line and a short-term uptrend, all create that zone and any buy setup completion would be a high probability one.

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ملاحظة

As expected, price retraced to our key support zone and skyrocketed reaching the median line of the pitchfork. In case you got this move stoploss at breakeven or take profit if you have already a good risk/reward. In case you missed it, wait and see if price will retrace to the trendline and see if you can get a buy setup completion.