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Elliott Wave Analysis TradingLounge Daily Chart, 02 March 2023.  

NEO / U.S. Dollar (NEOUSD)

Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave ((B))

Direction Next higher Degrees: Wave II of Motive

Details: Retracement of wave II usually .50 or .618 x Length wave I

Wave Cancel invalid Level: 5.98

NEO / U.S. Dollar (NEOUSD) Trading Strategy: The short-term pulling of the wave ((B)) in the Flat is usually more than 90% of the wave ((A)), allowing us to still look at the decline at a lower than 11.08.

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.

Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 02 March 2023.  

NEO / U.S. Dollar (NEOUSD)

Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave ((B))

Direction Next higher Degrees: Wave II of Motive

Details: Returning pulling ((B)) is usually 90% of the wave ((A)).

Wave Cancel invalid Level: 5.98

NEO / U.S. Dollar (NEOUSD) Trading Strategy: The short-term pulling of the wave ((B)) in the Flat is usually more than 90% of the wave ((A)), allowing us to still look at the decline at a lower than 11.08.

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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