10Jan

NEO / U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 10 January 24

Elliott Wave Analysis TradingLounge Daily Chart, 10 January 24,

NEO / U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: Wave (2) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO / U.S. dollar(NEOUSD)Trading Strategy: NEO's rise appears to end at the level of 15.46, which is 5 Impulse Waves in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8 % Wave 1. So wait for Wave 2 to complete. end before there is a chance to return to the uptrend again.

NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bearish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

NEOUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 10 January 24,

NEO / U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 138.262

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO / U.S. dollar(NEOUSD)Trading Strategy: NEO's rise appears to end at the level of 15.46, which is 5 Impulse Waves in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8 % Wave 1. So wait for Wave 2 to complete. end before there is a chance to return to the uptrend again.

NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.

NEOUSD-4Hr-Crypto-Ch...

Related

Stocks Bullish Trend: NASDAQ, AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT, Elliott Wave Analysis

Stocks Bullish Trend: NASDAQ, AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT, Elliott Wave Analysis

NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (T...

Read More >
Cocoa Elliott Wave Technical Analysis: Breaking into New Highs Signals Strong Bullish Momentum

Cocoa Elliott Wave Technical Analysis: Breaking into New Highs Signals Strong Bullish Momentum

Cocoa's price action reflects a strong bullish sentiment, supported by analyses across daily and...

Read More >
ASX FPH Stock Analysis: Fisher & Paykel Healthcare Elliott Wave Forecast, Wave 4 Triangle Pattern, and Price Prediction Insights

ASX FPH Stock Analysis: Fisher & Paykel Healthcare Elliott Wave Forecast, Wave 4 Triangle Pattern, and Price Prediction Insights

Elliott Wave analysis for ASX: FPH (Fisher & Paykel Healthcare Corporation Limited). Our technical a...

Read More >
GBPAUD Elliott Wave Technical Analysis: Corrective Wave 2, Retracement Dynamics, Invalidation Levels, and Trading Strategies Explained

GBPAUD Elliott Wave Technical Analysis: Corrective Wave 2, Retracement Dynamics, Invalidation Levels, and Trading Strategies Explained

Unlock expert insights into GBPAUD Elliott Wave analysis, focusing on corrective wave 2 within the l...

Read More >
The TJX Companies Inc.Elliott Wave Technical Analysis: Insight into Trading Opportunities

The TJX Companies Inc.Elliott Wave Technical Analysis: Insight into Trading Opportunities

TJX's Elliott Wave analysis offers strategic perspectives for traders. Explore trading opportuni...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on