NEO Elliott Wave technical analysis [Video]
NEO/USD Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Double Corrective. Position: Wave Y. Direction Next higher Degrees: Wave (II) of Impulse. Wave Cancel invalid Level: 9.85. Details: 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. NEO/USD Elliott Wave technical analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective Position: Wave Y Direction Next higher Degrees: Wave (II) of Impulse Wave Cancel invalid Level: 9.85 Details: 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. NEO Elliott Wave technical analysis [Video]