Elliott Wave Analysis TradingLounge.
NEO/ U.S. dollar (NEO/USD).
NEO/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Zigzag.
Position: Wave ((C)).
Direction next higher degrees: Wave (2) of Impulse.
Details: the corrective of Wave (2) trend to test 12.366 Level.
NEO/ US Dollar (NEO/USD) Trading Strategy: The Corrective of wave (2) with the Zigzag pattern, now we are in the final phase of the decline in wave C to complete the Zigzag pattern, so wait for wave C to complete to have an opportunity to rejoin the uptrend.
NEO/ US Dollar (NEO/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
NEO/ U.S. dollar (NEOUSD)
NEO/USD Elliott Wave technical analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction next higher degrees: Wave (2) of Impulse
Details: the corrective of Wave (2) trend to test 12.366 Level.
NEO/ US Dollar (NEOUSD) Trading Strategy: The Corrective of wave (2) with the Zigzag pattern, now we are in the final phase of the decline in wave C to complete the Zigzag pattern, so wait for wave C to complete to have an opportunity to rejoin the uptrend.
NEO/ US Dollar (NEOUSD) 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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