Veejahbee

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EURGBP is making an (a)-(b)-(c) Elliot Wave regular flat corrective pattern against the bearish decline from August 2019 high. According to Elliot Wave theory, once a corrective pattern is completed, the primary trend resumes. In EURGBP's case, once wave iv and v of wave (c) are completed, the downtrend should resume. Targets below wave A low is attainable in...

Veejahbee

Gold decline from the recent top can be seen as a leading diagonal pattern in wave i. Leading diagonal always point in the direction of the larger trend, so it's ideal to expect more sell-off once wave ii correction is completed. The break of the blue line will confirm the completion of correction and the red line is the major invalidation level for this bearish bias.

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CHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle. The corrective structure was complex and erratic due to the last few weeks of volatility. However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone. Price has the potential to move higher in five-wave and target...

Veejahbee

GBPJPY has just completed a 5-3 "impulse-corrective" Elliot Wave cycle. The correction is retesting a weekly support level that lined up with a 50% Fib ratio. Price has the potential to move higher in wave C to complete the zigzag. Target above wave A high is plausible. What's your view on GBPJPY?

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GBPCHF has just completed a 5-3 "impulse-correction" wave cycle. According to the Elliot Wave principle, once a 5-3 wave cycle is completed the primary trend resumes. In GBPCHF's case, the primary trend is bullish and target above wave A high is plausible. The breach of the blue line will confirm the correction has bottomed. What's your thought on GBPCHF?

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Ethereum sell-off from February high can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v. According to Elliot Wave rules, a three-wave correction follows every impulse wave. In ETHUSD's case, the rally from wave (a) low to wave (b) high unfolded as a three-wave a-b-c zigzag pattern. The correction also terminated at a resistance zone that lined up...

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The rally that started in December 2019 breakout descending wedge, resistance level and can be seen as a five-wave impulse pattern. Once a five-wave impulse is completed, a three-wave pullback follows according to Elliot Wave theory. In BCHUSD's case, the decline from February high to current low can be seen as a simple a-b-c zigzag/flag pattern. Wave c of the...

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Bitcoin reversed from the right shoulder of an inverted head and shoulder pattern while breaking out of a small flag channel. We should see an advance to the resistance zone around $9200 and $9400.

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GBPAUD is bearish against the decline that started in August 2015. The decline can be seen as a five-wave Elliot Wave impulse structure, labeled 1-2-3-4-5. According to Elliot Wave theory, a three-wave correction follows every impulse move. In GBPAUD's case, since the completion of the decline in 2016, it has been a tug-of-war between the bulls and bears in...

Veejahbee

Waiting for the retest of the broken S/R level that lined up with 50% - 61.8% Fib. I'll watch for bearish price action to go short.

Veejahbee

ETHUSD seems to be making a five-wave impulse decline. Price is currently in wave (iv) which is unfolding as a triangle. A triangle always precede the last move of a sequence in an impulse pattern. If this count is correct we should see a short-term decline to around $190 to complete the impulse pattern. What's your thought about Ethereum?

Veejahbee

The advance from September 2019 low can be seen as a five-wave Elliot Wave impulse structure, labeled 1-2-3-4-5. According to the theory, a three-wave correction follows every impulse pattern. In GBPUSD's case, the decline from wave 1 high in December 2019 has been unfolding as a three-wave A-B-C zigzag pattern. Wave A and B of the correction are sharp moves...

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Gold’s reputation as a safe haven in times of financial turmoil was tarnished on Friday as the growing panic about the spread of coronavirus infections outside China saw the precious metal suffer one of its worst one-day drops on record. While the coronavirus is the major headline for the shock and awe in gold, the chart has already presented a pattern that...

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AUDNZD has just completed a 5-3 "impulse-correction" wave cycle. The correction unfolded as an a-b-c zigzag with ending diagonal pattern in wave c. What's most interesting is how it completed the right shoulder of the H&S pattern at the support zone. Once a 5-3 pattern is completed, the trend resumes in the direction of the impulse, which is bullish in AUDNZD's...

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In my previous analysis, I stated that the previous correction on BTCUSD is shallow with regards to the impulse move it's correcting and Bitcoin could make a w-x-y double zigzag pattern. Since then, we've got a sell-off which seems to be wave (a) of the second zigzag. Now, I'm expecting a relief rally to retest the broken support level in wave (b). Once wave...

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GBPJPY's chart above shows the corrective move that started from wave (v) high. The sharp decline can be seen as a five-wave impulse in wave (a) which means the impending correction will most likely be a zigzag. Price has since then moved in a sideway and seems to have completed a double three complex correction in wave (b). To complete the zigzag pattern a...

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Nikkei 225 (JP225), commonly known as Nikkei, is a stock index for the Tokyo Stock Exchange, the world’s third-largest stock exchange with a market capitalization of US$5.6 trillion. As the leading index of Japanese stocks, Nikkei 225 (JP225) is a price-weighted stock index, equivalent to the American Dow Jones Industrial Average Index, comprising Japan’s most...

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The structure of AUDUSD decline from Jan 2020 high has been unfolding as a textbook Elliot Wave five-wave impulse move, labeled (i)-(ii)-(iii)-(iv)-(v). Wave (ii) was a sharp correction and wave (iv) unfolded as a triangle. A triangle always preceded the last move of a sequence. The whole structure perfectly fits into a downtrend channel. According to the...