Elliott Wave Analysis TradingLounge Daily Chart,
NEO/ U.S. dollar(NEOUSD).
NEOUSD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave (2).
Direction next higher degrees: Wave ((2)) of Impulse.
Wave cancel invalid level:
Details: Wave (2) is likely to test the Level 8.22.
NEO/ U.S. dollar(NEOUSD)Trading Strategy:
This is a 5 wave retracement of wave (C), in which we are in the final stages of wave ((2)), which is likely to test the 8.22 level, so the overall picture is a short term retracement before another rise.
NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
NEO/ U.S. dollar(NEOUSD).
NEOUSD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave (2).
Direction next higher degrees: Wave ((2)) of Impulse.
Wave cancel invalid level:
Details: Wave (2) is likely to test the Level 8.22
NEO/ U.S. dollar(NEOUSD)Trading Strategy:
This is a 5 wave retracement of wave (C), in which we are in the final stages of wave ((2)), which is likely to test the 8.22 level, so the overall picture is a short term retracement before another rise.
NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
Technical analyst: Kittiampon Somboonsod.
NEOUSD Elliott Wave technical analysis [Video]
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