NEO still has downside trend line break objective in play
NEO (charted in dollars on Tradingview) is still consolidating, but still has a bearish pattern break.
The ADX has run flat as the directional index lines tangle up to show no direction. The break of the trend line was there, and the objective is still in play. There is not enough momentum to switch trend back to the bulls, so a slow move toward the objective remains the call. The arrows marked where the break of the trend line A should go.
Weekly S/R
Critical Resistance: $25.30
Key Resistance: $20.80
Key Support: $16.15
Critical Support: $13.68
The ADX has run flat as the directional index lines tangle up to show no direction. The break of the trend line was there, and the objective is still in play. There is not enough momentum to switch trend back to the bulls, so a slow move toward the objective remains the call. The arrows marked where the break of the trend line A should go.
Weekly S/R
Critical Resistance: $25.30
Key Resistance: $20.80
Key Support: $16.15
Critical Support: $13.68
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