NEOUpdated NEO pitchfork
This pitchfork (formed off 10/12 low -> 19/12 high -> 22/12 low) has been pretty effective at pivoting price action. Price currently bouncing off .5 pitchfork level and 9th jan high.
If we head lower, with the pitchfork low will be the .5 fib retracement off (22/12 -> 15/1)
If we head lower, with the pitchfork low will be the .5 fib retracement off (22/12 -> 15/1)
Note
Nearing 50 rsi/mid trend point. 50dma & prev resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.