Veejahbee

Veejahbee

The EURUSD saw a massive sell-off last Friday, which led to the formation of a bearish Pin Bar at a critical supply zone and weekly descending trendline. Although EURUSD seems to have resumed the advance from 1.087 major low on the chart, the correction might not be completed yet. The price action after the advance showed a three-wave down in wave (a) and...

Veejahbee

I published an analysis on EURCAD yesterday, projecting an upward move from the Triangle pattern. After I carefully reviewed yesterday price action, I could see that it was a corrective pattern, not impulse. So I re-count the wave from bottom in related with AUDCAD and know that it's forming a double three/triple zigzag corrective pattern. Yesterday invalidation...

Veejahbee

Price, time, and patience is the way to gain clarity in the market. Gold whipsawing price action has caused me to establish an alternative "bearish" bias, especially the last Friday sell-off. However, the current price action and movement during this week are showing a new pattern and increasing my confidence for the bulls! Price is making a 1-2, (i)-(ii) pattern...

Veejahbee

Pirce has been in a corrective wave after the sharp advance in Bitcoin that formed a leading diagonal pattern. The correction which seems to be unfolding as an a-b-c zigzag pattern is about to complete. The blue zone on the chart is a critical area for the ending diagonal in wave (c) of c to bottom. The break of wave (2) of c high will signal the resumption of...

Veejahbee

CHFJPY dipped lower and resume higher yesterday but correction might not be completed yet. From the look of things, the correction might be unfolding as an expanded flat pattern. I will wait for the price to deep lower to the blue zone for a potential entry. The invalidation level on the chart is critical for buyers, so my stop loss will be there if I secure an...

Veejahbee

After a lot of whipsawing price action on EURCAD, and AUDCAD, I could now see the kind of price pattern in the making. When there is a range-bound or contracting price action, it usually tends to be a Triangle. I'm able to label the price action on EURCAD. And if the count is correct, price should resume higher from or near the current market price and the...

Veejahbee

After a lot of struggling to identify EURUSD bottom, the market has clearly indicated the direction of the trend. The Zigzag pattern from the weekend analysis actually completed the corrective structure in wave (ii). Since then, the price has made a five-wave up which I counted as an expanding leading diagonal, but it might as well be a "1-2, (i-ii), i-ii" wave...

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I have posted a series of analyses on GOLD in the last few weeks forecasting a bullish run in the longterm but seems the bears are not giving the bulls a chance. Here we go again as I'm looking at Gold from a fresh perspective after last Friday's sell-off. The GOLD corrective structure in wave 4 is becoming more complex. The visible count for the correction right...

Veejahbee

I've already explained a lot with the description on the chart! I will be looking for a pullback to the structural level to position for a long trade in one of the biggest impulse wave, wave iii of (iii). I will be keeping eyes on it and GJ or EJ for a possible long trade! What's your thought about CHFJPY? Kindly let me know in the comment! Best of luck on the...

Veejahbee

So yesterday I published an article on the EU with entry and stop level. I get stopped out and some traders did as well. That's trading for you, you won't always be right and to win in this game you've to be bold to take the loss and re-evaluate will clear mind. What's wrong with yesterday setup, I labelled wave (a) as a completed (a)-(b)-(c). When market...

Veejahbee

This analysis shows an example of how Elliot Wave forecast used to line up with other technical indicators. Here I'm anticipating a sell-off in GBPJPY to complete a regular Elliot Wave pattern. This pattern is most likely to complete within the blue box on the chart. As you can see, the blue zone lined up with minor demand/support zone, the third bounce of...

Veejahbee

The market structure of GBPNZD shows how the price breakout of major ascending trendline and support zone. Price is currently retesting the broken levels that lined up with a descending trendline. Price has the potential to decline from or near the current market price. Elliot wave also shows a series of 1-2, (i)-(ii) sequence which could mean a rapid sell-off...

Veejahbee

The corrective structure on EURUSD is becoming complex! This is expected as the currency used to mimic one another. GOLD and SILVER are moving lower in the short term so EURUSD should at least wait for them before heading higher. The retracement seems to be unfolding as a double zigzag Elliot Wave pattern. This gives us the opportunity for a short term bearish...

Veejahbee

Price reversed from wave 2 low and broke out of the descending trendline in a five-wave pattern in wave (i). The subsequent move which is unfolding as a zigzag pattern has the potential to find a bottom within the blue zone comprising the 61.8% Fibonacci of the impulse, a retest of the broken trendline, and wave c will be equal 1.618x wave a, at the same area. If...

03:19

Veejahbee

This is the lower timeframe analysis of Bitcoin. While the invalidation level remains intact we should be expecting a rally either short term or longterm. Time will tell! Best, Veejahbee.

05:40

Veejahbee

In this video, I showed my alternative view on BITCOIN and the kind of price action to be expected in order to consider the major bottom is in place. Kindly let me know your view in the comment! Thanks, Veejahbee.

08:33

Veejahbee

Just watch the video to the end!

04:08

Veejahbee

Litecoin just completed a leading diagonal pattern in wave (i). Leading diagonal usually points towards the direction of a larger trend. So a move higher is wave (iii) is so crucial. Best, Veejahbee.