Veejahbee

Veejahbee

Support this analysis with your likes and comments! USDJPY reversed from a supply & demand zone that lined up with a 78.6 Fibonacci ratio and break out of the black counter trend line. The price also making a series of i-ii, (1), (2) Elliot Wave sequence which indicates a potential sell-off in wave (3) of iii. I'm patiently waiting for this market to commit to...

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Gold breakout of the descending trendline + resistance after completing an a-b-c triangle in wave 4. I will be watching the price for a potential retest of the broken level and continuation higher. While the price is still trading below the blue line, then it's a tug of war between the bulls and bears. The break of wave b high, the blue line, will give...

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GBPJPY reversed from the resistance zone and broke out the S&R zone and daily ascending trendline impulsively. According to the EW principle, a three-wave correction in opposite direction follows every impulse move. That's what is currently unfolding as a bullish corrective move in wave (b) The correction seems to be unfolding as a zigzag and it's about to...

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The AUDNZD 4hr chart above shows a classic inverted H&S pattern. Price also broke out of the long-term parallel channel and support & resistance level. Price has the potential to retest the broken neckline as support and resumes a strong impulse move in wave (3) of iii. Entry Criteria: Buy from or below the current market price and put stop loss at the...

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AUDCAD reversed from the demand zone and completed a 5-3 wave cycle. According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend! The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of...

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Bitcoin has been trading in a sideways pattern after a rapid decline and retest of a key resistance level. The sideways move has been making 3-3-3-3-3 patterns except is wave "b" that looks impulsive. This contracting corrective price action can be easily labeled as an Elliot Wave triangle. The breaks of the wave "d" low, green line, will confirm the...

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Kindly support this analysis with your likes and comments! The Silver 4 hourly chart reveals an incomplete Elliot Wave impulse sequence from wave (b) high on the chart. It's labeled i-ii-iii-iv-v. Wave iii is the longest wave and its sub-wave of wave iii is also visible. According to EW theory, once the corrective phase in wave iv is completed an impulse move...

Veejahbee

Support this analysis with your likes and comments! GBPNZD 4-hourly chart above reveals what can be seen as a five-wave impulse pattern, labeled (1)-(2)-(3)-(4)-(5). According to the EW theory, impulses show the direction of the larger trend and a three-wave correction follows every impulse pattern. In GBPNZD's case, the correction unfolded a (w)-(x)-(y) double...

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Support this analysis with your likes and comments! This is an update on the previous Daily setup shared a few weeks ago. NZDCAD reversed and broke the S&R zone and ascending trendline impulsively in wave i. According to Elliot Wave theory, impulse move is always followed by a three-wave correction. In NZDCAD's case, the short-term rally is currently taking...

Veejahbee

Support this analysis with your LIKES and COMMENTS :) The rapid sell-off on Silver from wave (b) high is taking the shape of Elliot Wave five-wave impulse pattern. Price has already completed the first three waves and currently in wave iv. Wave iii is the longest impulse and its sub-waves are also visible. Once wave iv finds resistance, which is most likely...

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Hi Traders, In the Bitcoin daily chart above, price broke the ascending trendline and support level impulsively. Price has then retested the broken support as resistance and moving lower gradually. The pattern on the chart can also be seen as an Elliot Wave double zigzag pattern. The first zigzag as completed in wave (w), followed by the double zigzag...

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Hi Traders, NZDCAD seems to have completed a 5-3 (impulse-correction) cycle. Prices decline in five-wave from the top in wave (a), followed by a three-wave corrective zigzag in wave (b). The pullback retraced almost 78.6% of the sell-off, and the price action becomes weaker as it approaches the top. According to Elliot Wave theory, once a 5-3 cycle is completed, ...

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GBPAUD sell-off is taking the shape of Elliot Wave impulse pattern, labelled i-ii-iii-iv-v. Price is currently in wave iv, which unfolded as a w-x-y double zigzag pattern. It also retraced 38.2% of wave iii and enclosed in a parallel channel. If this wave count is correct, price is expected to trade below wave iii low in wave v. What's your view on GBPAUD? Let...

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ETHUSD reversed from resistance and breakout of daily ascending trendline and support zone. Price has been retracing the sell-off and currently retested the swing level correctively. Price has the potential to move lower toward the support zone at $250 once we breach the green lines and flag channel. Keep your eyes on this! Previous Update:

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Gold has been trading in a triangle after an impulsive decline in wave (a). The break of the wave (D) low "green line" will confirm the triangle is completed. Targets below wave (a) low is plausible in wave (c). Good luck on the chart! Veejahbee.

Veejahbee

EURAUD declined impulsively and breaks below the key support zone. According to the Elliot Wave theory, impulses show the direction of the larger trend and a three-wave correction follows every impulse. In EURAUD's case, the retracement seems to take the form of an "a-b-c" zigzag pattern, if the correction has completed traders should expect more weakness to...

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EURNZD 4 hourly chart above shows a sharp decline that can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v. According to the theory, impulses show the direction of the larger trend. In other words, once the current corrective recovery that's unfolding as a "w-x-y" double zigzag ended, traders should expect more weakness to follow. - The...

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Ethereum "ETHUSD" reversed from resistance level and break out of ascending trendline and support zone. Price is currently reversing from ascending trendline and has the potential to retest the broken support as resistance. Watch out for bearish price action signals from the swing level for a longterm short trade opportunity. Targets at a support level around ...