Looking at our trend timeframe we see price reposing our bearish parallel channel, momentum not showing any signs of slowing down. Neo now looking to form a lower low, expecting a reversal at our 300000
Shifting over to our patten timeframe we see price has formed a bearish channel inside our bearish channel. Price currently testing our 400000 support, a daily close above 433000 activates our trade. Stochastic RSI showing momentum remaining in favor of bears, but pretty close to bottoming out.
