Hello guys,
This is NEO in a Symmetrical Triangle.
Yellow arrow: We bounced off the support trendline with high volume and it pushed Neo to the top of the triangle.
Green arrow: I expect Neo to come down and re-test the support.
My strategy: I will look out for an entry when Neo hits the support. If it finds support at the trendline and! volume comes in, i will enter this trade. Sell/take profit at the resistance line (upper line).
This is NEO in a Symmetrical Triangle.
Yellow arrow: We bounced off the support trendline with high volume and it pushed Neo to the top of the triangle.
Green arrow: I expect Neo to come down and re-test the support.
My strategy: I will look out for an entry when Neo hits the support. If it finds support at the trendline and! volume comes in, i will enter this trade. Sell/take profit at the resistance line (upper line).