01Mar
NEOUSD Elliott Wave Technical Analysis March 02 2023
NEOUSD Elliott Wave Technical Analysis March 02 2023
4Hour
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
Daily
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
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