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NEO/U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 6 September 23


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Elliott Wave Analysis TradingLounge Daily Chart, 6 September 23, 

NEO/U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((B)) of Flat

Wave Cancel invalid Level: 5.96

Details: The corrective of wave (Y) Likely move down to 5.94 

NEO/U.S. dollar(NEOUSD)Trading Strategy: Neo fell from 15.70 below MA200 indicate a downtrend, in addition The price structure still is Corrective, not complete so the overview still has a downtrend and may be moved to 5.94

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, MACD and RSI bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

NEOday.thumb.png.0e8e0b976cdbe2c15f0a33f8d2fde181.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 6 September 23,  

NEO/U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 5 

Direction Next higher Degrees: Wave (C) of Zigzag

Wave Cancel invalid Level: 

Details: the price has a trend of one move down for wave (C) to complete

NEO/U.S. dollar(NEOUSD)Trading Strategy: Neo fell from 15.70 below MA200 indicate a downtrend, in addition The price structure still is Corrective, not complete so the overview still has a downtrend and may be moved to 5.94

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, MACD and RSI Bullish momentum.

NEOh4.thumb.png.f3191719100e76523b74024eefea9f47.png

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