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Elliott Wave Analysis TradingLounge Daily Chart, 12 May 2023. 
NEO/U.S. Dollar (NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary (Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: Wave II of Motive
Details: Wave reversal II has a probability of .786 x length Wave I
Wave Cancel invalid Level: 5.96

NEO/U.S. Dollar (NEOUSD) Trading Strategy: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.

NEO/U.S. Dollar (NEOUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. MACD and RSI are bearish momentum.
Analyst: Kittiampon Somboonsod, CEWA

​Elliott Wave Analysis TradingLounge 4H Chart, 11 May 2023.  
NEO/U.S. Dollar (NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: Wave II of Motive
Details: Wave reversal II has a probability of .786 x length Wave I
Wave Cancel invalid Level: 5.96

NEO/U.S. Dollar (NEOUSD) Trading Strategy: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.

NEO/U.S. Dollar (NEOUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. MACD and RSI are bearish momentum.

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