NEO Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge daily chart.

NEO.USD Elliott Wave technical analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

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: It looks like the wave (II) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (III) uptrend.

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

Elliott Wave Analysis TradingLounge H4 Chart.

NEO/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave C.

Direction Next higher Degrees: Wave (2) 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: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.

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

NEO Elliott Wave technical analysis [Video]