NEO/U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 10 October 23

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Elliott Wave Analysis TradingLounge Daily Chart, 10 October 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 donw to 5.94

NEO/U.S. dollar(NEOUSD)Trading Strategy:  A decline below 7.08 makes the triangle complete at 7.68, also the price below the MA200 Line, Overview still is a downtrend, and the price move to  wave ((5)) which a last wave before change a trend

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend,  RSI is a Bearish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 10 October 23,  
NEO/U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave (E)
Direction Next higher Degrees: Wave (4) of Impulse
Wave Cancel invalid Level: 
Details: Weve 4 may be complete and the ptice decline again in wave 5

NEO/U.S. dollar(NEOUSD)Trading Strategy:  A decline below 7.08 makes the triangle complete at 7.68, also the price below the MA200 Line, Overview still is a downtrend, and the price move to  wave ((5)) which a last wave before change a trend

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend,  RSI is a Bearish Momentum.