It's quite distinct and clear that NEO has now put in an ABC zig zag as shown by the subwaves. Wave A has five, Wave B has three and Wave C has five (blue) and all seem complete and placed. What does that mean? Could the bottom be in? The V-Neck type of reversal is quite impressive in strength. I believe the next steps are likely to complete the impulse waves UP! If wave (iii) extends to greater than 1.618 of Wave 1's height; an all time new high would be unsurprising.
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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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