NEO March 1st Detailed Technical Analysis, Specific Setups. Target $205-$255 after correction phase
General Tone:
There is a high percentage risk setup to catch wave 4-5, though it is not
advised for inexperienced traders.
In a few weeks, there's a 4.4:1 risk to reward setups that is recommended
to consider with target $205-$255
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral
This is the current wave count
Where is wave 5?
NEO play of the month. When primary waves 1 and 2 complete, we can find support for wave 2 between $108-$115 regions, where the next target is $205 then $255.
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Really great stuff in this post. Thanks very much
Thanks man, you're molding this baby whale into a masterful trader in a mere 2 months, but i'm not done with mama yet ;)
(sounds weird, but i'm cool with it)
Me too - it's an exciting (& highly addictive) journey!
Wave 4 drops below wave 1 territory. Does that not invalidate this or does it just make it a "less than ideal" elliot wave?
I was wondering that too. That's why I come here for answers :)
Yeah, I'd like to know this too, since NEO is now at $118, breaking the wave 1 territory on every time frame chart.
Thank you! I will be keeping my eye on this one! :D
Me too my friend. I got the tickets !Just deciding now when/where. Man I appreciate you so much. You have no idea. It literally has made my year.
Fantastic! I'm sure you will pick somewhere nice where you can relax and enjoy yourself!
I can't tell you enough how much I appreciate you and everything you do as well! And that makes me so happy to hear, I also can't wait to hear where you ended up going :)
P.S. I get those every year so keep in touch... There will always be more, and I love sharing!
Please we still gunna get some live trading. Really insightful, really informative , on point ta.
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Hi Phil
Just have a simple question. Your bigger wave 4 is overlapping bigger wave 1. Now that's a breach of one of the fundamental rules. I didn't noticed any explanation in the video. Would you elaborate on this?
the ugliest possible leading first wave diagonal. :(
Or that we just started on bigger wave 3? Would you discount this count - just a close-up of the first 4 waves.png)
I seem to still have tunnel vision when looking at some of these charts it amazes me how well you think out side the box. I’m striving to get there. Thinks for your insight!
see it as a really complex puzzle that has no solutions, but multiple ways to see it as best we can:) It becomes quite fun later.
"responsible for you own decisions"
perfect sentence phil!
i am with you since you had a mere few hundreds subs on YT!
Most of the way through the video - yes, it's an interesting setup this one. I have all kinds of troubles with EWs - definitely more study required for me.
Been so long since I've had any good 'erbs, be some nice 'erb in Thailand. Then all the waves will be wobbly and groovy. :)