NEOUSD Elliott Wave Analysis | TradingLounge Daily Chart
Neo / U.S. Dollar (NEOUSD) Daily Chart Analysis
NEOUSD Elliott Wave Technical Analysis
- Function: Counter Trend
- Mode: Corrective
- Structure: Double Corrective
- Position: Wave Y
- Next Higher Degree Direction: Wave (II) of Impulse
- Wave Cancel Invalid Level: 9.85
Details: The completion of Wave (II) suggests the resumption of the uptrend, with prices likely moving higher.
Neo / U.S. Dollar (NEOUSD) Trading Strategy
The Wave 2 correction appears to be complete, indicating a potential upward movement. Traders should look for opportunities to join the Wave 3 uptrend.
Neo / U.S. Dollar (NEOUSD) Technical Indicators
NEOUSD Elliott Wave Analysis | TradingLounge H4 Chart
Neo / U.S. Dollar (NEOUSD) 4-Hour Analysis
NEOUSD Elliott Wave Technical Analysis
- Function: Counter Trend
- Mode: Corrective
- Structure: Double Corrective
- Position: Wave Y
- Next Higher Degree Direction: Wave (II) of Impulse
- Wave Cancel Invalid Level: 9.85
Details: Similar to the daily chart, Wave (II) seems to have concluded, signaling an impending uptrend.
Neo / U.S. Dollar (NEOUSD) Trading Strategy
With the Wave 2 correction likely complete, the price is poised for an upward move. Traders should seek opportunities to capitalize on the Wave 3 uptrend.
Neo / U.S. Dollar (NEOUSD) Technical Indicators
- MA200: Price remains below the MA200, indicating a continued downtrend.
- Wave Oscillator: Displays bearish momentum.
Technical Analyst: Kittiampon Somboonsod
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