Veejahbee

Veejahbee

Just like GOLD and EURUSD, Silver is expected to advance higher in wave iii of (iii). This is wave is usually explosive and send the market in the direction of the trend faster. I'm already long! What's your thought on Silver? Kindly let me know in the comment.

Veejahbee Updated 

BUY BITCOIN AT THE CURRENT MARKET PRICE... $9500 IS THE MEASURED TARGET FOR WAVE 3

Veejahbee

$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1. Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a). I took a loss on last week because I was initially labeled the correction as a regular flat...

Veejahbee

Bitcoin has the potential to drop to $7400 - $7300 in Wave 2 correction that's anteceding the leading diagonal. Leading diagonal always point towards the direction of the major trends according to the EW principle. Wave (iii) has the potential to travel 1.23x or 1.618x wave (i), which is within the range of $9000 - $9500 area. Thanks for reading! Veejahbee.

Veejahbee

Gold is in Wave 5 of the major advance as I've already discussed in the higher timeframe post I published 3 days ago. Kindly find the related idea links to read full articles. It's setting up for wave iii of (iii) of 3, and this usually the wave that drives the price so rapidly according to Elliot Wave Principle. So keep eyes on it! Don't lose guard! Best of...

Veejahbee

USDCHF seems to be making a double zigzag Elliot Wave corrective chart pattern. The wave X of the double zigzag is currently retesting the upper trend channel that lined up with key psychological number 1.0000. The price of USDCHF has the potential to turn lower as other negative correlated pairs like EURUSD, GOLD are heading higher. What's your thought about...

Veejahbee

Bitcoin is now setting the stage for wave 3 of (3) of ((3)) advance. A significant rally should commence once the current correction is completed. I'm projecting that the upper trendline will accumulate sellers and signal the completion of wave ((3)). Looking to add more positions at $7450 area, while the key level on the chart is where we don't want price to...

Veejahbee Updated 

Bitcoin started the correction from $13774.7 on 25th, June 2019, and now it seems to have bottomed at $6617.9 area on 25th November 2019. The retracement lasted for five months and seemed to end on the exact day in November, "25th." So crazy how market work. The corrective wave which unfolded has double three zigzag seemed to have found a bottom at $6617.9...

Veejahbee Updated 

Gold has been making an impulsive advance since August 2018. According to Elliot Wave Theory, a five-wave move is known as an impulsive wave and sets the direction of the major trend. Gold seems to have completed wave 4 corrective pattern, as the correction terminated at upper boundary channel that connects wave 1-2 extends to the high of wave 1. The level also...

Veejahbee

Price is sitting at key support, which is in confluence with 61.8 Fibonacci retracement. Price has also made a double bottom formation at the key confluence zone. Price should resume higher from or near the current level. The breach of the confirmation level indicated on the chart will further confirm the bullish setup. If the price moves above 0.6800...

Veejahbee

As I stated in my previous post, Bitcoin drives the price action on most of alternate cryptocurrencies. A five-wave defined an impulse which means the direction of a trend as you can see in wave A/1. After an impulse, the subsequent move is called a correction, which is just a pause in a market cycle to allow people to join in the train again. The corrective wave...

Veejahbee

GBPAUD is making a series of (i)-(ii), i - ii, wave pattern which usually leads to subsequent decline. On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline. Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level...

Veejahbee Updated 

AUDCAD reversed from a daily ascending trendline that lined up with 61.8 Fibonacci retracement of the advance from 0.8903 and broken out of daily descending trendline. Price also broke the daily counter trend line structure and it's currently retesting it inline with key support, and descending trendline. Price has the potential to move higher from or near the...

Veejahbee

The five-wave rally from 119.25 in wave (i) favors the idea wave 2 ended at 119.25, and wave 3 is underway. It also set the stage for a three-wave correction, which is unfolding as a double zigzag pattern. I anticipate that wave (ii) will find support circa at 119.560 area, comprising the 78.6 Fibonacci retracement of the advance from 119.25, a key support...

Veejahbee

Bottom Line: Bullish Opportunity: An advance should start from not much below the current levels, and that will confirm a reversal is underway from 1.09898 Invalidation Level that favors the Euro. Considering that the rally from 1.09898 unfolded as a five-wave impulse structure in wave (i), ongoing corrective price action keeps wave (ii) alive, continue to...

Veejahbee

BITCOIN Weekly Outlook - Extremely Bullish: Bitcoin directs the price movement of all other cryptos, and here it is sitting on a critical demand zone. It's retesting a significant weekly support level that lined up 61.8 Fibbonnci level, and wedge support line. Although I've been projecting the rally for past weeks, now seems to be the best time to get...

Veejahbee

The Daily chart of USDJPY reveals not only the recovery from 104.450, but also the preceding decline from 112.416. As visible, it is a five-wave leading diagonal pattern, labeled (i)-(ii)-(iii)-(iv)-(v) in wave 1. The five sub-waves of wave (i) can be recognized, as well. Ending diagonals form in the position of the first wave (A Or 1) of the larger sequence,...

Veejahbee

Just as in the case of Gold (XAUSUD) analysis published previously; Silver (XAGUSD) seems to have formed a contracting triangle corrective pattern in wave 4 as indicated by the wave structure of the sideways price action in September and October and by the converging trendlines that connected the extremes of waves (a), (b), (c), (d) and (e). What is most...