NEO /U.S.dollar(NEOUSD) Elliott Wave Technical Analysis 12 April 23
Elliott Wave Analysis TradingLounge Daily Chart, 12 April 23,
NEO /U.S.dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave (Y)
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: 9.16
NEO /U.S.dollar(NEOUSD)Trading Strategy: Neo is on a resting wave. The second one, which is likely to fall at the level of 61.8% of the first wave. Wait for the second wave to finish to join the trend again.
NEO /U.S.dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 12 April 23,
NEO /U.S.dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave (Y)
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: 9.16
NEO /U.S.dollar(NEOUSD)Trading Strategy: Neo is on a resting wave. The second one, which is likely to fall at the level of 61.8% of the first wave. Wait for the second wave to finish to join the trend again.
NEO /U.S.dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish.
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