TradingLounge NEOUSD Elliott Wave Analysis Daily Chart
NEO/USD Daily Chart Analysis
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Next Higher Degrees Direction: Wave (II) of Impulse
Wave Cancel Invalid Level: 9.85
Details: Wave (II) is equal to 61.8% of Wave (I) at 10.71 Level
NEO/USD (NEOUSD) Trading Strategy:
The second wave corrects before rising again in the third wave. In a Double Corrective pattern, the current state is a decline in Wave Y, so wait for the correction to complete to re-enter the uptrend.
NEO/USD (NEOUSD) Technical Indicators:
The price is below the MA200, indicating a downtrend. The Wave Oscillator shows bearish momentum.
NEOUSD Elliott Wave Analysis TradingLounge H4 Chart
NEO/USD 4-Hour Chart Analysis
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Next Higher Degrees Direction: Wave (II) of Impulse
Wave Cancel Invalid Level: 9.85
Details: Wave (II) is equal to 61.8% of Wave (I) at 10.71 Level
NEO/USD (NEOUSD) Trading Strategy:
The second wave corrects before rising again in the third wave. In a Double Corrective pattern, the current state is a decline in Wave Y, so wait for the correction to complete to re-enter the uptrend.
NEO/USD (NEOUSD) Technical Indicators:
The price is below the MA200, indicating a downtrend. The Wave Oscillator shows bearish momentum.
Technical Analyst: Kittiampon Somboonsod
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