NEOUSD Elliott Wave Analysis TradingLounge Daily Chart

NEO / U.S. Dollar (NEOUSD) Daily Chart Analysis

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Direction Next Higher Degrees: Wave (II) of Impulse

Wave Cancel Invalid Level: 9.85

Details: Wave (II) is likely to have ended and prices are resuming the uptrend.

NEO / U.S. Dollar (NEOUSD) Trading Strategy:

Overall, NEOUSD Wave (II) is likely to end at the 8.49 level and prices are resuming the uptrend. Look for opportunities to join the uptrend from short-term pullbacks.

NEO / U.S. Dollar (NEOUSD) Technical Indicators:

• The price is below the MA200, indicating a Downtrend.
• The Wave Oscillator shows Bullish Momentum.

NEOUSD Elliott Wave Analysis TradingLounge H4 Chart

NEO / U.S. Dollar (NEOUSD) 4-Hour Analysis

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Direction Next Higher Degrees: Wave (II) of Impulse

Wave Cancel Invalid Level: 9.85

Details: Wave (II) is likely to have ended and prices are resuming the uptrend.

NEO / U.S. Dollar (NEOUSD) Trading Strategy:

Overall, NEOUSD Wave (II) is likely to end at the 8.49 level and prices are resuming the uptrend. Look for opportunities to join the uptrend from short-term pullbacks.

NEO / U.S. Dollar (NEOUSD) Technical Indicators:

• The price is above the MA200, indicating an Uptrend.
• The Wave Oscillator shows Bullish Momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

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