NEO Elliott Wave technical analysis [Video]

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]