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NEO Elliott Wave technical analysis [Video]

NEO Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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

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.

NEOUSD

NEO Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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