NEO Elliott Wave technical analysis [Video]
|NEO/USD Elliott Wave technical analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction next higher degrees: Wave Y
Details: The correction follows a WXY pattern, concluding around 8.688 USD.
NEO/USD trading strategy
NEO/USD is currently in a corrective Wave II phase after completing Impulse Wave I at a peak of 26.126 USD. The correction is identified as a W-X-Y (Double Zigzag) structure, indicating an intricate corrective pattern.
Trading strategies:
Strategy: Long strategy. If the price forms a reversal signal near 9.977 USD, consider initiating a buy position.
Risk Management: Utilize 8.730 USD as a stop loss level.
NEO/USD Elliott Wave technical analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction next higher degrees: Wave Y
Details: The correction follows a WXY pattern, concluding around 8.688 USD.
NEO/USD trading strategy
NEO/USD is currently in a corrective Wave II phase after completing Impulse Wave I at a peak of 26.126 USD. The correction is identified as a W-X-Y (Double Zigzag) structure, indicating an intricate corrective pattern.
Trading strategies:
Strategy: Long strategy. If the price forms a reversal signal near 9.977 USD, consider initiating a buy position.
Risk Management: Utilize 8.730 USD as a stop loss level.
NEO/USD Elliott Wave [Video]
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