NEOUSD Still Positive - Next Buy Point Approaching
The minimum upside target created by the RHS is 173 but it's
taking its time to get there. Looks to be in process of
completing another continuation pattern before firing higher
again soon. Once it passes 128 and holds there it should
advance to 148/150 where the upper dynamic will most likely
reject it again on the next touch. But WD Gann tells us that 4
touches should be the maximum and on the 5th attempt it
should push through the dynamic and complete to the target
at 169-173 range. Can therefore split trade into two parts,
from 128 to 148-150 and then from 151 to to 169-173 - or
can buy and hold depending on trading profile.
Support lies at 121.5 and whilst above here Neo is positive.
Stops for longs just under 120.
The minimum upside target created by the RHS is 173 but it's
taking its time to get there. Looks to be in process of
completing another continuation pattern before firing higher
again soon. Once it passes 128 and holds there it should
advance to 148/150 where the upper dynamic will most likely
reject it again on the next touch. But WD Gann tells us that 4
touches should be the maximum and on the 5th attempt it
should push through the dynamic and complete to the target
at 169-173 range. Can therefore split trade into two parts,
from 128 to 148-150 and then from 151 to to 169-173 - or
can buy and hold depending on trading profile.
Support lies at 121.5 and whilst above here Neo is positive.
Stops for longs just under 120.