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NEO/U.S.dollar(NEOUSD) Elliott Wave Technical Analysis 12 May 23


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Elliott Wave Analysis TradingLounge Daily Chart, 12 May 23,  
NEO/U.S.dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: Wave II of Motive
Details: Wave reversal II has a probability of .786 x length Wave I
Wave Cancel invalid Level: 5.96


NEO/U.S.dollar(NEOUSD)Trading Strategy: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.


NEO/U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  Bearish momentum.


TradingLounge Analyst: Kittiampon Somboonsod, CEWA








Elliott Wave Analysis TradingLounge 4H Chart, 11 May 23,  
NEO/U.S.dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: Wave II of Motive
Details: Wave reversal II has a probability of .786 x length Wave I
Wave Cancel invalid Level: 5.96


NEO/U.S.dollar(NEOUSD)Trading Strategy: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.


NEO/U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  Bearish momentum.

NEOh4.thumb.png.6146117195fd27406df42f06a585a525.png

NEO day.png

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