Veejahbee

Veejahbee

In the CHFJPY chart above, price is making a bearish (a)-(b)-(c) corrective pattern after the completion of a bullish five-wave impulse. The corrective pattern will most likely unfold as a zigzag based on the current structure of the decline. I'm expecting a sell-off in wave v to complete five-wave impulse in (a), followed by a corrective pattern in (b), then I...

Veejahbee

Here Silver analysis again. This is my most important watchlist for next week. I got stopped out last week but had a new entry on Friday, and I will be looking to add more long position this week if I get the correction. Price seems to have resume wave (iii) after a simple zigzag corrective structure in wave (ii) that terminated at a confluence level that...

Veejahbee

I projected a double zigzag In my previous analysis due to the nature of wave (a) of the correction. Fortunately, the confirmation level was not triggered and the market rally higher to complete a five-wave cycle in wave (c). The five-wave suggests that the whole correction is a simple zigzag pattern. Price has made a deep correction that terminated at 78.6 Fib...

Veejahbee

Silver seems to be completed a 5-3 (impulse & correction) wave cycle. The corrective wave which unfolded as a w-x-y double zigzag pattern and bottomed at a confluence level that consists of 50% Fib retracement of the impulse + support zone has the potential to send Silver higher above the previous high. Check my full Silver Elliot Wave analysis here:

Veejahbee

It has been almost 20 days waiting for the completion of the GBPNZD corrective wave. Price has just retested the anticipated confluence level and I will be looking to short at the break of the confirmation line. Previous analysis:

Veejahbee

After topping out last December. Price seems to be making a series of lower highs labeled 1-2, (i) - (ii). Price is expected to resume the downtrend from or near the current level. The breach of the green line or a break out of the flag channel will confirm the bearish trend is still intact.

Veejahbee

After some attempts to trade bullish scenario on EURUSD but not getting the expected big impulse in wave 3, here is my alternate bearish count suggesting that wave 2 correction might not be completed yet. We've seen a three-wave down in wave (a), three-wave up in wave (b) indicating an expanded flat is in the making according to wave principle. For the expanded...

Veejahbee

NZDCAD's current chart pattern is unfolding as a bullish Elliot Wave impulse structure. Price seems to have completed wave (iv) of 3 which set a stage for another rally in wave (v) of 3. Price has also rejected a weekly support area that lined up with a moving average. The potential price target is within the blue zone on the chart.

Veejahbee

When it comes to Elliot Wave analysis, we tend to have alternative count which keeps us on the line for both the bullish and bearish scenario. In Bitcoin's case, the point is to know whether the correction is complete and the new bull leg has started or not. Let's take a look at it via the Elliot Wave Principle. In the main count, the guideline suggests that the...

Veejahbee

The daily chart above reveals CHFJPY's entire progress since October 2019 low. It looks like the past 4 months have resulted in a textbook five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v) and the five sub-waves of wave (iii) are also visible. Look how the entire structure fits into a base channel. The guideline of alternation has been taken into...

Veejahbee

Founded in 2006, Twitter Inc. is one of the leading microblogging and social networking site in the world. The stock had an exceptionally strong run between 2016 and 2018. In a little over two years, the share price rose from as low as $13.63to as high as $47.87. That’s 252% gain in two years. Unfortunately for shareholders, the bulls could not keep that...

Veejahbee

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Its market cap is approximately $86 billion. In Tesla's case, investors have been too optimistic recently. The stock is up 186% in the past six months, climbing from $177 low in May 2019 to $499 this month. Unfortunately for...

Veejahbee

Here is the breakdown of the fifth wave from the lower timeframe. Wave iv should find support around 50% Fib that lined up with a weekly demand zone. This analysis gives us Elliot wave short-term sell setup and longterm buy setup. DM to see how I will take advantage of this setup. Longterm Outlook:

Veejahbee

The chart above reveals Gold entire rally since August 2018. The price which is in wave (v), the last phase of an impulsive structure is till in the making. Elliot Wave is Fractal in nature, that is, every wave has an internal sub-wave of lower degree. In Gold case, wave (v) is not completed yet as the recent rally is just in three-wave. So the price is expected...

Veejahbee

The daily chart above shows Silver's entire rally from November 2018 low. As visible, the price appears to be forming a textbook five-wave impulse pattern, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-wave of wave (i) and (iii) are also visible while wave (v) is still unfolding. According to Elliot Wave theory, wave (v) should exceed wave (iii) high, in Silver case...

Veejahbee

The bearish impulsive wave that started in October 2019 is still underway. Price should be making a short-term rally and longterm decline until the structure is completed. Note: I will be looking to short from the blue zone. Check Related Idea for previous analysis.

Veejahbee

The advance from October 2019 low can is taking the form of an impulsive Elliot Wave pattern, labeled 1-5. Wave 3 also subdivided into five-wave labeled (i)-(v). To complete the major structure wave 4 and wave 5 are required. Price is expected to complete wave 4 correction around 38.2% Fib, which also lined up with channel support. Once wave 4 is bottomed, an...

Veejahbee

Price most of the time after an extended move retraced back to the moving average and use them as a dynamic support/resistance. From the Bitcoin Weekly chart above, we could see how price snaps back sharply below the 200 EMA at the point where the majority are anticipating the breakout of a wedge pattern in the 2018/2019 corrective phase. We're facing the same...