NEO/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave (2).
Direction Next higher Degrees: Wave ((2)) of Impulse.
Details: Wave 2 is likely to end and price is rising in wave 3.
NEO/ U.S. dollar (NEO/USD) Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
NEO/ U.S. dollar (NEO/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
NEO/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Flat.
Position: Wave (2).
Direction next higher degrees: Wave ((2)) of Impulse.
Details: Wave 2 is likely to end and price is rising in wave 3.
NEO/ U.S. dollar (NEO/USD) Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
NEO/ U.S. dollar (NEO/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
NEO Elliott Wave technical analysis [Video]
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