Veejahbee

Veejahbee

Hi Traders, EURCAD decline from 1.48216 high unfolded as a five-wave impulse sequence. According to the Elliott Wave principle, a three-wave correction in the opposite direction follows every impulse move and that's what seems to be unfolding currently. This correction has the potential to retrace 50-78.6% of the impulse, and also retest the corrective parallel...

Veejahbee

GBPJPY is heading higher to complete a five-wave sequence. The is currently unfolding as a triangle in wave iv of a five-wave sequence. According to Elliott Wave theory, a triangle usually precedes the last move of a sequence. If this count is correct, we should see another leg higher before any major bearish reversal. What's your view on GJ? Let me know in the...

Veejahbee

EURUSD seems to have completed an A-B-C zigzag with an ending diagonal wave C. Price has broken the diagonal trendline and has the potential to head lower in at least three-wave. Any further rally must stay below the invalidation level for this count to remain valid. What's your view on EURUSD? Let me know in the comment. Thanks for your support!

Veejahbee

Hi traders! AUDUSD is making a series of overlapping three-wave sequences and fits in for a triangle. Price has the potential to trade lower in wave C once the triangle pattern is completed. Any further rally must stay below the invalidation level for this analysis to remain valid. What's your view on AUDUSD? Let me know in the comment.

Veejahbee

CRUDE OIL has just completed an impulse-corrective wave cycle and has the potential to decline to $53/Barrel. That's a 15% decline from the current market price. The advance the bulls enjoy from wave (A) low unfolded as a double ZigZag correction. According to wave theory, the market will resume in the direction of impulse (five-wave) once a correction is...

Veejahbee

ANKR has been enclosed a parallel channel for quite a while. Price has made a micro impulse and correction within the channel, labeled (1) and (2). Price is expected to resume in the direction of the impulse wave. A potential 140% rally from the current market price is plausible in wave (3). Entry and Invalidation level is on the chart accordingly. Goodluck.

Veejahbee

A quick look at Bitcoin's 4 hourly price chart reveals a complete five-wave impulse followed by a three-wave correction. Taken together, the two patterns form a textbook Elliott Wave cycle, labeled i-ii-iii-iv-v-a-b-c. According to Elliott Wave theory, once the corrective phase ends, the larger trend resumes in the direction of the impulsive sequence. BTCUSD...

Veejahbee

Hi Traders! It has been a while here. Check out my current trade setup on USDJPY. Price has completed a simple zigzag which might be part of the circled wave iv potential triangle pattern. Wave c equals a and it's also testing the lower boundary of the parallel channel. The breach of the upper green level will be our conservative entry. Market has...

Veejahbee

Oil rallied from its coronavirus low and topped at $68.02 per barrel. The five-wave decline from 68.02 high is the first sign of bearish reversal. Any further rally in Oil must stay below 68.02 for the reversal to remain intact. The breach of 58.91 key level will confirm the sell-off has resumed. Targets below $52 are plausible in the weeks ahead. ...

Veejahbee

Facebook still remains the biggest social media platform, growing its user base to about 1.9 billion daily users and 2.8 billion monthly active users. Facebook stock was down to $137.21 per share in March 2020, losing approximately 38% in the first three-month of 2020. But boy, what an entry point that low turned out to be. Facebook stock surged to nearly $306...

Veejahbee

Because a company is a household name doesn’t make it immune to market declines. Coca-Cola stock fell from ~$60 to as low as $36 a share in roughly a month during the 2020 Coronavirus crash. That is about 40% decline, fortunately for the bulls, was followed by a recovery to approximately $55 by the end of the year. Is this a good time to join Coca-cola bulls?...

Veejahbee

Throughout history, gold has been seen as a special and valuable commodity. There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Gold cannot be manufactured like a company issues new shares or a federal bank prints money. It must be dug up from the...

Veejahbee

Litecoin topped at $247.82 and it made a sharp decline which fits for an impulse wave (a) of a zigzag pattern. According to the Elliott Wave principle, a three-wave correction in opposite direction follows every impulse pattern before the price continues in the direction of the impulse move. That three-wave correction is the short-term rally that took the price...

Veejahbee

Is this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective. The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse.  The pattern is labeled 1-2-3-4-5, where the...

Veejahbee

EURUSD is setting up for an Elliot Wave third of a third advance. :) We should see a sharp rally in the days ahead. The red line is the invalidation level for this setup. What's your view on EU? Let me know in the comment. Thanks, Veejahbee.

Veejahbee

Last week we saw the digital gold "Bitcoin" market capitalization launch into the trillion-dollar stratosphere, creating history for yet another week as institutional acceptance continues to grow. Bitcoin skyrocketed to nearly $20,000 in late 2017 before losing more than 80% of its value the following year. Bitcoin believers say that, whereas the 2017 bubble was...

Veejahbee

Hi Traders! GBPNZD has been trading a corrective channel for about two months. The pattern within the channel is unfolded as a double zigzag pattern. According to Elliot Wave theory, once a correction is completed the price will resume in the direction of the dominant trend. It's bearish in the GBPNZD case. Another technical analysis that's supporting bearish...

Veejahbee

Since the Litecoin Network went live in October 2011 it has exploded in both usage and acceptance among merchants.  With a market cap of approximately 14 billion USD, Litecoin (LTC) has counted among the top ten cryptocurrencies by market capitalization for most of its existence. The cryptocurrency was created by Charlie Lee, a former Google employee, who...