NEOUSD Elliott Wave Analysis – TradingLounge Daily Chart

Neo to U.S. Dollar (NEOUSD) Daily Chart Analysis

NEOUSD Elliott Wave Forecast and Technical Setup

Function: Trend-Following

Mode: Motive

Structure: Impulse Pattern

Current Wave Position: Wave ((3))

Next Expected Move: Pending Confirmation

Invalidation Point: Not Defined

NEO/USD Daily Trading Strategy

The NEO/USD pair is offering a potential long entry during the ongoing wave (2) correction. A significant bullish push is anticipated in the upcoming wave ③. Provided the price sustains above the key Fibonacci retracement zone and the $5.00 support level, this could mark an attractive opportunity for traders using the Elliott Wave method.

Trading Plan Highlights

✅ Swing Trade Approach (Short-Term Strategy)
Watch for price action signals between $6.20 and $5.70 — this range represents a favourable buying opportunity with reduced risk.

🟥 Stop Loss Placement
Set stop-loss orders slightly below $5.00 to manage downside risk effectively.

NEOUSD Elliott Wave Analysis – TradingLounge 4-Hour Chart

Neo to U.S. Dollar (NEOUSD) 4-Hour Chart Analysis

NEOUSD Technical Overview Using Elliott Wave

Function: Trend-Following

Mode: Motive

Structure: Impulse Pattern

Current Wave Position: Wave ((3))

Next Expected Move: Pending Confirmation

Invalidation Point: Not Defined

NEO/USD 4-Hour Strategy Outlook

NEO remains in a potential buy zone as it completes the wave (2) retracement phase. A robust upside move is anticipated with the formation of wave ③. Maintaining the $5.00 support level is critical for confirming the bullish outlook.

Trading Plan Highlights

✅ Swing Trade Approach (Short-Term Strategy)
Monitor for bullish signals around the $6.20–$5.70 price band, offering a technically sound entry.

🟥 Stop Loss Placement
Protect trades by placing stop-loss orders just under the $5.00 level.

Technical Analyst: Malik Awais

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here

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