Elliott Wave Analysis TradingLounge Daily Chart, 30 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: The correction of wave(2) is likely to end at the 9.89 level and the five-wave increase. will help support this idea. So look for opportunities to open trades on the uptrend.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com, Learn From the Experts Join TradingLounge Here 

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Elliott Wave Analysis TradingLounge 4Hr Chart, 30 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: The correction of wave(2) is likely to end at the 9.89 level and the five-wave increase. will help support this idea. So look for opportunities to open trades on the uptrend.

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