NEO Elliott Wave technical analysis [Video]
NEOUSD Elliott Wave technical analysis
NEO/USD trading strategy
NEO has completed wave (1) and is now consolidating within a Flat A-B-C correction for wave (2).
Key support lies at the Fibonacci 50%–61.8% retracement zone, between $5.05 – $4.87.
This area is a high-probability reversal zone, provided price action does not drop below the W.C. Invalid level at $4.00.
Trading strategies
NEO/USD Elliott Wave technical analysis
NEO/USD trading strategy
Following the completion of wave (1), NEO is forming a Flat A-B-C pattern inside wave (2).
Important support is observed around the Fibonacci 50%–61.8% range, $5.05 – $4.87.
This level offers a strong reversal opportunity, provided it holds above…
