Elliott Wave Analysis – TradingLounge Daily Chart
NEO/ U.S. Dollar (NEOUSD)

NEOUSD Elliott Wave Technical Analysis
Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((2))

Direction for Next Higher Degrees: —

Wave Cancel Invalid Level: —

NEO/ U.S. Dollar (NEOUSD) Trading Strategy
Following the end of NEOUSD’s major downtrend near $4.2 and a successful recovery forming wave (1), the price is now stabilizing within the wave (2) structure. This sets up for a potential strong rally into wave (3).

Trading Strategies
Strategy

Short-Term Traders (Swing Trade)

If the price declines into the $5.05–$4.88 zone and a reversal signal appears → It presents a good opportunity to join the wave (3) uptrend.

Risk Management

If the price drops below $4.2 → The structure needs to be reassessed.

Elliott Wave Analysis – TradingLounge H4 Chart,
NEO/ U.S. Dollar (NEOUSD)

NEOUSD Elliott Wave Technical Analysis
Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((2))

Direction for Next Higher Degrees: —

Wave Cancel Invalid Level: —

NEO/ U.S. Dollar (NEOUSD) Trading Strategy
After completing a major decline near $4.2 and successfully forming wave (1), NEOUSD is now moving sideways within wave (2). The next move, wave (3), is expected to accelerate upward strongly.

Trading Strategies
Strategy

Short-Term Traders (Swing Trade)

When the price moves into the $5.05–$4.88 range and a reversal is confirmed → It is a good moment to enter the upward move of wave (3).

Risk Management

If the price falls under $4.2 → The analysis must be updated.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

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