Elliott Wave Analysis TradingLounge Daily Chart,NEO / U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.NEO / U.S. dollar(NEOUSD)Trading Strategy:It looks like the wave (II) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (III) uptrend.NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. 
Elliott Wave Analysis TradingLounge H4 Chart,NEO / U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.NEO / U.S. dollar(NEOUSD)Trading Strategy:It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. 
More By This Author:TASI Index Elliott Wave Technical Analysis – Wednesday, September 11
Coffee Commodity Elliott Wave Technical Analysis – Wednesday, September 11
PANW Stocks Elliott Wave Technical Analysis – Wednesday, September 11
