It looks like a correction has just finished of a previous 1 hour wave. I believe it will take two one hour wave cycles to complete wave 3 of the 4 hour chart (considering this is an extended wave). Please consider that some of these projections can overshoot. All of the fib retracements and extensions were drew at a conservative level. 161.8, 61.8 and 38.2. Depending on market conditions there is always possibilities of them going beyond in he extensions to the 261.8 or beyond the 61.8 in the retracements. Good luck. I will keep this updated!
Comment:
Hey guys. Not to familiar with Candlestick patterns but maybe someone can confirm. Is this is a Bullish Abandon Baby on NEO?
Comment:
Should have circled the pattern and removed the word target (has no relevance)
Trade closed: target reached:
First Target reached