NEO/USD 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. So 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 is a Bullish Momentum.
NEO/USD Elliott Wave one-day chart
NEO/USD Elliott Wave four-hour chart
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. So 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 is a Bullish Momentum.
NEO Elliott Wave technical analysis [Video]
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