Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartNEO / 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:
Overall, NEOUSD Wave (II) is likely to end at the 8.49 level and prices are resuming the uptrend. So look for opportunities to join the uptrend from short-term pullbacks.NEO / U.S. dollar(NEOUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartNEO / 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:
Overall, NEOUSD Wave (II) is likely to end at the 8.49 level and prices are resuming the uptrend. So look for opportunities to join the uptrend from short-term pullbacks.NEO / U.S. dollar(NEOUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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