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NEO/U.S.dollar(NEOUSD) Elliott Wave Technical Analysis 20 June 23


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Elliott Wave Analysis TradingLounge Daily Chart, 20 June 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 II may have ended at the level of 6.97. Five waves of rise will support this idea.

Wave Cancel invalid Level: 5.91

NEO/U.S.dollar(NEOUSD)Trading Strategy: NEO tends to end Wave((2)) at the level of 6.95, which is enough to retrace Wave((2)) but still below the MA200 line making us want to. five-wave movement to support this concept And it could be the start of a new uptrend.

NEO/U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

NEOday.thumb.png.ee91fd5db71bfdd2030b9a2cc4602a48.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 20 June 23,  

NEO/U.S.dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Follow Trend

Structure: Motive

Position: Wave 2

Direction Next higher Degrees: Wave (1) of Motive

Details: Wave 2 reversal has a probability of .618 x length Wave ((1)).

Wave Cancel invalid Level: 6.95

NEO/U.S.dollar(NEOUSD)Trading Strategy: NEO tends to end Wave((2)) at the level of 6.95, which is enough to retrace Wave((2)) but still below the MA200 line making us want to. five-wave movement to support this concept And it could be the start of a new uptrend.

NEO/U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bearish momentum.

NEOh4.thumb.png.bd9c20c3ab4faeb231e5f337b72c6e3f.png

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