06Dec

NEO/ U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 6 December 23

Elliott Wave Analysis TradingLounge Daily Chart, 6 December 23,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

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 rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3).

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 get trial here!

NEOUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 6 December 23,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

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 rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3).

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

NEOUSD-4Hr-Crypto-Ch...

Related

British Pound/ Australian Dollar (GBPAUD) Forex Elliott Wave Technical Analysis: A Comprehensive Day and 4-Hour Chart Review

British Pound/ Australian Dollar (GBPAUD) Forex Elliott Wave Technical Analysis: A Comprehensive Day and 4-Hour Chart Review

This article provides a detailed Elliott Wave analysis of the GBPAUD currency pair, focusing on curr...

Read More >
ASX LIMITED Analysis: Unlock Elliott Wave Insights, Stock Forecasts, Key Levels, and Smarter Trading Strategies for Market Success

ASX LIMITED Analysis: Unlock Elliott Wave Insights, Stock Forecasts, Key Levels, and Smarter Trading Strategies for Market Success

Stay ahead with ASX Limited Elliott Wave Analysis. Our comprehensive technical forecast includes key...

Read More >
TASI Index Elliott Wave Forecast: Daily and Weekly Chart Analysis for Trading Strategies, Wave Counts, and Market Insights

TASI Index Elliott Wave Forecast: Daily and Weekly Chart Analysis for Trading Strategies, Wave Counts, and Market Insights

TASI Index with detailed Elliott Wave forecasts for daily and weekly charts, providing trading strat...

Read More >
Trading Strategies: Apple (AAPL), Tesla (TSLA),Nvidia (NVDA),SP500 (SPX) Plus Bitcoin

Trading Strategies: Apple (AAPL), Tesla (TSLA),Nvidia (NVDA),SP500 (SPX) Plus Bitcoin

Trading Strategies: SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia...

Read More >
Euro Stoxx 50 Index Elliott Wave Technical Analysis: Exploring Top Stocks to Buy, Watching for Bullish Trends, and Strategic Advice

Euro Stoxx 50 Index Elliott Wave Technical Analysis: Exploring Top Stocks to Buy, Watching for Bullish Trends, and Strategic Advice

Get a complete overview of Euro Stoxx 50 trading with our in-depth analysis using Elliott Wave princ...

Read More >
Bitcoin Crypto Price News Elliott Wave Technical Analysis: BTCUSD Forecasting Potential Uptrends, and Trading Strategies

Bitcoin Crypto Price News Elliott Wave Technical Analysis: BTCUSD Forecasting Potential Uptrends, and Trading Strategies

This article provides a comprehensive BTCUSD Elliott Wave analysis, Highlighting Bitcoin's curre...

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