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Neo H&S Formed, expect price to drop?
Disclaimer - I'm a TA in the making, still learning and studying all day everyday. Expect mistakes and nooby errors in my charts.
The NEO chart is showing a possible trend reversal with a H&S formed, right shoulder broke down through the bullish trend line, then came back up to test the broke trend line and was rejected.
Experienced TA's, would love to hear your thoughts on this? Especially would like to know what i've done wrong or missed? Is there anything i should be looking at in a moment like this?
The NEO chart is showing a possible trend reversal with a H&S formed, right shoulder broke down through the bullish trend line, then came back up to test the broke trend line and was rejected.
Experienced TA's, would love to hear your thoughts on this? Especially would like to know what i've done wrong or missed? Is there anything i should be looking at in a moment like this?
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