Elliott Wave Analysis TradingLounge Daily Chart,

NEO/ U.S. Dollar (NEOUSD)

NEOUSD Elliott Wave Technical Analysis

• Function: Counter Trend
• Mode: Corrective
• Structure: Zigzag
• Position: Wave ((C))
• Direction Next Higher Degrees: Wave Y
• Wave Cancel Invalid Level: –
• Details: The correction follows a WXY pattern, concluding around 8.688 USD.

NEO/ U.S. Dollar (NEOUSD) Trading Strategy:

NEO/USD is currently in a corrective Wave II phase after completing Impulse Wave I at a peak of 26.126 USD. The correction is identified as a W-X-Y (Double Zigzag) structure, indicating an intricate corrective pattern.

Trading Strategies:

• Strategy:
  • Long Strategy:
    • If the price forms a reversal signal near 9.977 USD, consider initiating a buy position.
• Risk Management:
  • Utilize 8.730 USD as a Stop Loss level.

Elliott Wave Analysis TradingLounge H4 Chart,

NEO/ U.S. Dollar (NEOUSD)

NEOUSD Elliott Wave Technical Analysis

• Function: Counter Trend
• Mode: Corrective
• Structure: Zigzag
• Position: Wave ((C))
• Direction Next Higher Degrees: Wave Y
• Wave Cancel Invalid Level: –
• Details: The correction follows a WXY pattern, concluding around 8.688 USD.

NEO/ U.S. Dollar (NEOUSD) Trading Strategy:

NEO/USD is currently in a corrective Wave II phase after completing Impulse Wave I at a peak of 26.126 USD. The correction is identified as a W-X-Y (Double Zigzag) structure, indicating an intricate corrective pattern.

Trading Strategies:

• Strategy:
  • Long Strategy:
    • If the price forms a reversal signal near 9.977 USD, consider initiating a buy position.
• Risk Management:
  • Utilize 8.730 USD as a Stop Loss level.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

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