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NEO/U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 16 August 23


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Elliott Wave Analysis TradingLounge Daily Chart, 16 August 23,  
NEO/U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (2) of Motive
Details: Retracement of wave (2) usually .50 or .618 x Length wave (1)
Wave Cancel invalid Level: 6.97


NEO/U.S. dollar(NEOUSD)Trading Strategy: Still in the correction of wave (2), the blue has and the price is still below the MA200 line, so still need to wait for the rise above 8.62 to confirm the end of wave 2.

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is Below the MA200 indicating a Down trend, Wave Oscillator are Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com get trial here!



Elliott Wave Analysis TradingLounge 4H Chart, 16   August 23,  
NEO/U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (2) of Motive
Details: Retracement of wave (2) usually .50 or .618 x Length wave (1)
Wave Cancel invalid Level: 6.97


NEO/U.S. dollar(NEOUSD)Trading Strategy: Still in the correction of wave (2), the blue has and the price is still below the MA200 line, so still need to wait for the rise above 8.62 to confirm the end of wave 2.

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is Below the MA200 indicating a Down trend, Wave Oscillator are  Bearish momentum.

NEOh4.thumb.png.c31a980d44f42d98653cc04a62d3658a.png

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