NEOUSD Elliott Wave Analysis - TradingLounge Daily Chart
NEO/USD (NEOUSD) Daily Chart Analysis
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Next Higher Degrees Direction: Wave (II) of Impulse
Wave Cancelation Level: 9.85
Details: The Wave (II) correction is likely complete, and the price appears to resume its uptrend.
NEO/USD (NEOUSD) Trading Strategy:
Wave (II) correction looks completed, signaling a potential upward movement in Wave (III). Traders should consider opportunities to join the uptrend.
NEO/USD (NEOUSD) Technical Indicators:
- The price is trading above the MA200, suggesting an uptrend continuation.
- The Wave Oscillator shows Bearish Momentum.
NEOUSD Elliott Wave Analysis - TradingLounge H4 Chart
NEO/USD (NEOUSD) 4-Hour Chart Analysis
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Next Higher Degrees Direction: Wave (2) of Impulse
Wave Cancelation Level: 9.85
Details: The Wave (II) correction has likely ended, and the price is expected to resume its uptrend.
NEO/USD (NEOUSD) Trading Strategy:
The Wave (2) correction appears complete, and the market is poised for a potential upward move. Traders should look for opportunities to join the wave (3) uptrend.
NEO/USD (NEOUSD) Technical Indicators:
- The price is currently above the MA200, indicating a bullish trend.
- The Wave Oscillator remains in Bearish Momentum.
Technical Analyst: Kittiampon Somboonsod
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