NEO Correction Pathways

SUMMARY

NEO has 36 possible correction pathway combinations via Elliott Waves. Combining chart patterns aid in selecting the probable. The below chart shows an upward opinting wedge. IF this pattern completes, it means that the bottom white line support needs to hold. Should price take one more rise; it could represent an opportunity to farm for cash.

A clean ABC zigzag pathway is shown below. The final subwaves of red C wave shows a lower low probable. NEO is expected to continue higher but these kinds of healthy corrections are required to allow price consolidations ahead of next leg ups.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.