Elliott Wave Analysis TradingLounge Daily Chart 
depositphotos Neo / U.S. dollar (NEO-X)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.Neo / U.S. dollar (NEOUSD)Trading Strategy:It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.Neo / U.S. dollar (NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. 
Elliott Wave Analysis TradingLounge H4 ChartNeo / U.S. dollar (NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.Neo / U.S. dollar (NEOUSD)Trading Strategy:It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.Neo / U.S. dollar (NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. 
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com get trial here!More By This Author:“Master Stock Market Trends: Elliott Wave Insights For SP500 & Nasdaq 100”
Elliott Wave Technical Analysis: Natural Gas – Tuesday, Aug. 27
Elliott Wave Technical Analysis: Apple Inc. – Tuesday, Aug. 27
Leave A Comment