NEO Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart,

NEO/U.S. dollar(NEOUSD).

NEO/USD Elliott Wave Technical Analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (3).

Direction next higher degrees: Wave ((3)) of Impulse.

Wave cancel invalid level: 9.85.

Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52.

NEO/U.S. dollar(NEOUSD)Trading Strategy:

NEO is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 19.45 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

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

Elliott Wave Analysis TradingLounge 4H Chart,

NEO/U.S. dollar(NEOUSD)

NEO/USD Elliott Wave technical analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction next higher degrees: Wave ((3)) of Impulse

Wave cancel invalid level: 9.85

Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52

NEO/U.S. dollar(NEOUSD)Trading Strategy:

NEO is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 19.45 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

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

Technical analyst: Kittiampon Somboonsod

NEO/USD Elliott Wave technical analysis [Video]