NEO Elliott Wave technical analysis [Video]

NEO/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Double Corrective.

Position: Wave Y.

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 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: Double Corrective.

Position: Wave Y.

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 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 below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

NEO Elliott Wave technical analysis [Video]