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10/06/21 10:53
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Posts
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Indices in Asia staged a recovery from their lows, providing a more optimistic performance than that seen in the US yesterday. After a brief period of weakness, hopes are once again rising that central banks are at the end of their tightening cycle. The ASX 200 and the Nikkei 225 were the strongest performers, but Chinese indices continued their poorer run of form, struggling to move into positive territory for the day. Today sees the release of the latest ADP employment report in the US, the precursor to Friday's non-farm payrolls, along with a decision from the Bank of Canada. Rates are expected to remain unchanged at 5%. The Bank of England's latest Financial Stability Report is also published today, and BoE governor Andrew Bailey will speak at 11am. -
I guess two top exchange here has made my trading experience seamless. Though the One Cliq Copy trading and the 3Commas Spot trading Bot features coupled with a user-friendly interface and Minimum fiat deposit got me glued to Bitget. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 6 December 23, NEO/ U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave (B) Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: 6.49 Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) NEO/ U.S. dollar(NEOUSD)Trading Strategy : The rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3). NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : TradingLounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 6 December 23, NEO/ U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave (B) Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: 6.49 Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) NEO/ U.S. dollar(NEOUSD)Trading Strategy : The rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3). NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
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