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Elliotwavecount

ELLIOT WAVE: CHFJPY TRADE IDEA CHFJPY completed A-B-C zigzag corrective pattern and setting up for a decline. This decline which can be another short-term correction could also be the beginning of a major decline. What matters right now is that we would at least see a three-wave move to the downside to the nearest demand level as shown on the chart. We will look for a short-term correction in wave (b) to position to a sell entry in wave (c). Here is the 1-hourly outlook. www.tradingview.com What's your thought on CHFJPY? Let me know in the comment. Thanks for reading. Veejahbee.
Short
by Veejahbee
GBPUSD The Fall to the AbyssNOT SO FAST MY DEAREST TEA DRINKER ! As you can see, my magical arrow that is so not magical, is magically pointing up to the upside (We call this a retracement btw, or something.....) I don't expect the price to go too high... BUT A POSSIBILITIES NONETHELESS ! . . . . . . Now, since we already established that GBPUSD gonna fall. We need to know where its gonna fall and the possibilities beyond that. As you can see in the chart, my approximate target would be around the area the Magical Downward Arrow is pointing at. I've already Short this pair since my Magical Sell Zone. Keep in mind, this pair has the potential to fall BEYOND my Magical Arrow, becoz sometimes.... Magic Arrow is imperfect..... I suggest if u wanna short this, wait for the completion of the Magical Upside.... . . . . And of course... Start your day with a glass of tea.... And 4 box of peesha....
Short
by Arthyus
XAUUSD What the hell are you doing !?Gold is OVERPERFORMING........... This is what overextending looks like. This is what everything bad looks like ! But regardless.... When this falls, (anytime now) it will reach my Yellow Zone (and we could finally... FINALLY... Enter Long to the Heavens i spoketh about) . . . . . . Be aware tho, all the crazy news all around the world could actually drive the price further up. And im stuck here waiting...................................................... Anyways... Grab yourself a box of peesha... Its gonna take a while.....
FX:XAUUSDLong
by Arthyus
EURUSD To Extend Higher RapidlyEURUSD is sitting at an important confluence area comprising of support zone, 61.8% Fib, and broken daily trendline. The pullback to this level can be easily labeled as a double zigzag in wave (ii) as you can see in the 30 minutes chart below. Price is expected to resume the wave iii of (iii) of 3 rally from or near the current market price as long as the "current invalidation level" remains intact. What's your thought on EURUSD? Let me know in the comment.' Thanks for reading. Veejahbee.
Long
by Veejahbee
15
GBPUSD Is Setting Up to Complete a Bearish Zigzag Pattern.Hi Traders! Happy New Year to you all! GBPUSD is correcting the major rally that started in September 2019. The impulsive move is labelled (i)-(v) in wave A. The correction which seems to be unfolding as a Zigzag in wave B is yet to be completed. I'm looking for price to move higher in the shorter cycle to complete wave (b) of C around 78.6% Fib, then look for a short entry to take advantage of wave (c) of B. Do you like this analysis? Best, Veejahbee.
Short
by Veejahbee
AUDUSD Possibilities.... and peesha.See, when i eat PEESHA ! and drink some tea... It means i need more peesha, and more tea. Its just a rule of life. As you can see on the chart. We are looking at a possibilities, not yet confirmed. An idea, if you will. If AUDUSD a.k.a Kangaroo Land. Reaches the yellow zone (or orange... seriously wtf is that color ?) We are expecting a very good year for AUD in 2020. Coz it means we're gonna have a Bullish Run for a shhhhhhiiiiiiiii............ shkebab loads of time. (aside from corrective move i mean, seriously, if u need to ask this, u need a slap) . . . . . I haven't traded this pair.... yet... coz i wanna see how this wave projection turns out. But if ! I wanna trade this pair, i need to see either if it fails here, so i can sell, Or buy if it reaches the yellowish orange zone. (Not gonna buy on the zone tho, i wanna buy at the correction after it reaches there, DO NOT BUY IF U MISS THA IMPULSE ! WHAT ARE YOU !? IN NEED TA LOSE MUNNY ?) Note on the bottom : There is no note, i haven't traded this. And this analysis is for the purpose of me, NOT FORGET WHAT I ANALYZE. (This message is not sponsored by any kinds of pizza or tea....... why tho....)
by Arthyus
XAUUSD Last Ride to HeavenWe are looking at the making of the third wave of this final wave up, So, grab yourself a popcorn, a soda or beer if you prefer (i like tea), and A BOX OF PEEESHAAA ! (YIS I LUB PEESHA) As you can see, on the yellow box (or orange... Wth is that color !?) Is the most optimal buy zone you can take, with the minimum risk and very high reward. Once this piece of..... gold.... reaches near that area stack up your buys good people. Why ? why do you ask why ? just buy, want munny or not ? . . . . . . . . . . . Fine, i'll tell you why ! Coz below that yellowish orange zone, is the invalidation point for this Bullish Count onto the upside. One of the Cardinal rules of Elliot Wave, "Waveth 4th mustth notth overlapeth waveth 1stth." - Thor, of the Asgardian of the Galaxy (i think it was in Endgame, he says that.... I guess.... Just trust me.... I heard it somewhere.... IT BETTER BE ENDGAME !) With that in mind, if it reaches near there, stack yoo buys ! SL would be 1493.00 Target >>>>>>>>>>>>>>>>>>>> 1629 >>>>>>>>>>>> 1650 >>>>>>>>>>>> 1691 >>>>>>>>>>> 1720ish HOOKAAAY !! Now wheres my PEEESHAAAAAAAAA ! (P.S > sidenote > Footer > Note.... Whatchu call this ? Price doesn't necessarily will reach the yellowish orange zone, so keep your Price Action Eyes Sharp !)
FX:XAUUSDLong
by Arthyus
5
GBPUSD The Long Before The FallLook at it ! its making the corrective move ! See, in the land of Peesha, u take both the long and the fall ! And with a cup of tea, surely thy will profith. . . . . . Looking at the country of one of the greatest Tea Making a.k.a GBPUSD, (on par with Japan !) we are surely gonna make a tiny wave down (OR NOT AT ALL, IT JUST GOES UP TO THE YELLOW (ORANGE) ZONE AND BAM !!! DOWNFALL !) So be prepared for the downside movement soon, Start stacking on sells, well, not immediately, but use your PRICE ACTION EYES to determine when to sell. (I'm looking at you 1.320 - 1.325.... i'm lookin at you... yeee you....) Me ? Well, me will wait till my cup of tea is finished. *slurp* and a slice of peesha.... Undertext : If you are not confident to take the tiny upside movement, don't. Just grab a box of peesha and enjoy the wait for the downfall.
Short
by Arthyus
Elliot wave count update and Bias on long termHello fellas, welcome back to the Sunday update of bitcoin, Just like usual we will explain the chart work about bitcoin and its long term and short term bias. Here in this post, I'll do an elliot wave count in specific. Looking at the above chart, we can see that there are still a possibility for bitcoin to head up to the upside of the huge down trend channel which I can classified it as the b wave for potential Z wave in higher degree. Although there might be a potential to the upside movement and try to retest the upper line of the channel, I still believe that there are 1 more wave down to the area of confluence support to complete the Z wave. There are 2 areas of resistance that is becoming my main concern which are at the 38.2 fib retracement which has confluence with the $8000 region as support and the golden pocket zone which has a confluence with the upper line of the downtrend channel. For short term, there is still potential to push to the upside and for long term, I still see a potential of touching the $5000 region.
BITFINEX:BTCUSDEducation
by julio24albert
EURCAD Set a Stage for a Short-term RallyEURCAD is making a triple zigzag corrective pattern. A three-wave rally is expected in wave (z) to complete the corrective structure. Bullish price actions from the confluence level comprising of ascending channel and support zone further confirm that wave (x) of the triple zigzag might have bottomed and wave (z) rally has resumed. I will wait for the price to breach the confirmation level for conservative entry and target the upper channel for take profit. What's your view on EURCAD?
Long
by Veejahbee
2
Elliot Wave: USDCHF Set Up To Retrace 50% of The DeclineUSDCHF is setting up for a retracement after 250+ pips sell-off from the major high. See related ideas to see how we took advantage of the decline. Price has broken out the decline descending trendline in an impulsive move in wave "a" and about to complete a regular flat in wave "b". Price is expected to head higher from or near the current level, And it will most likely retest the broken ascending trendline that lined up with 50% Fibonacci retracement of the decline.
Long
by Veejahbee
2
CADCHF Elliot Wave Short Setup: Triangle inside TriangleHere is an update on CADCHF. A few weeks ago I published an analysis suggesting a triangle pattern could lead to a sell-off on CADCHF. Since then we've experienced a further contraction in price action, but everything is visible now and still in line with the Elliot Wave principle. One of the guidelines for a Triangle pattern is that wave "e" of the triangle can also sub-divided to a triangle and that's what happened in the case of CADCHF as you can see in the chart above. This gives us a high probability set up with a high risk to reward ratio. Price has already triggered the confirmation level so we could see a rapid sell-off for the rest of the week.
Short
by Veejahbee
1
Bitcoin update : Elliot wave and confluence zoneHello fellas, How are you doing today? I hope you're doing great. welcome back with me with today's technical analysis about bitcoin. Yesterday's rally was so beautiful with around 6% surged to the upside. So, let's see where will the price heads in the near future. Looking at the chart, This is my best elliot wave count for bitcoin. we can see that the 1-2-3-4-5 structure is the impulse wave for A wave in higher degree and on current price, this could be an A structure to complete the B wave in higher degree and therefore, we're looking for C wave structure in higher degree which in my opinion will be another leg down for bitcoin. And I want to remind you that currently the price is still trending on around the WXYXZ corrective pattern since the end of this year's parabolic move since June 2019. and this ABC structure will complete the Z wave to confirm the potential bottom of bitcoin. There are 2 areas that I consider as a major resistances in this current move for bitcoin. The first area is the confluence zone of the $7800 - $8000 region which has an alignment with previous broken support, 38.2 fib level, and the median line of the down trend channel which I believe will become a big boundary for bitcoin's next rally. And the most bullish scenario that I can see for now is if the price can break out of the 1st confluence zone, I will look at the 2nd confluence zone (around $9000) as the potential top for this move, it's roughly the golden pocket zone and it has the confluence with the end of the 1st impulse subwave in A wave and the upper line of the down trend channel. However, as long as the price is still trending inside this down trend channel, I won't expect a bullish bias. Breaking out of the upper line of the channel will confirm the next bullish bias in long term.
BITFINEX:BTCUSDEducation
by julio24albert
1
ELLIOT WAVE: Bitcoin Might Decline To $5500 Confuence AreaBitcoin is clearly in the corrective cycle but might not ready for the significant rally yet. The correction which seems to be unfolding as a triple Zigzag is still in the making. We've seen an a-b-c zigzag in wave (w), and another a-b-c zigzag in (y), but in wave (z) "3rd zigzag" seems to have completed wave "a" while wave "b" is in the making. Wave "b" of (z), which seems to be unfolding as an expanded flat pattern, will most-likely terminated at 1.618 area "blue zone," that lined up with channel resistance and 200 EMA. This confluence level will most likely cause a reversal, which will lead to a decline in wave "c" of (z) to complete the 3rd zigzag pattern. Wave "c" of (z) should find support at $5500 circa which comprises of 78.6 Fibonacci retracement + channel support + level where wave (z) equals (y). Bottom Line The price will most likely advance to around $8300 - $8500 area to complete wave "b" of (z), then we might see a decline to $5500 in wave c of (z) to complete the corrective cycle. The important thing is that once the corrective cycle is completed, we should see a major rally in wave C that will exceed wave A high at $13800 zone. Thanks for reading! Veejahbee.
BITFINEX:BTCUSD
by Veejahbee
2
AUDUSD - Bull or Bear?AUDUSD is at a critical decision making level. It has been a tug of war between the bulls and the bears. This pair might be making a complex corrective Flat pattern that may send the pair further lower or it may be making 1-2, (i)-(ii) wave pattern that would send the pair higher as shown in the chart above. Elliot Wave has rules to validate both opportunities, it's just the matter of waiting and proper investigating of the price action. What's your view on AUDUSD, Bullish or Bearish? Let's interact in the comment section.
by Veejahbee
6
Triangle Pattern Could Send CADCHF LowerCADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower. I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well. This further confirms that the triangle on EURCAD and the related pattern could send CADCHF lower in wave C. See related ideas links for EURCAD analysis.
Short
by Veejahbee
AUDUSD Could Be Forming a Flat PatternThe massive rejection candle from a confluence of Resistance and Trendline could send AUDUSD lower to form an Expanded Flat corrective pattern. Wave (c) of 2 of the Flat pattern has the potential to trade below the low of wave (a). This pattern is also in line with the bearish scenario on Gold, Silver, and EURUSD. As I said in one of my previous posts, the currency pairs and commodities have the way of waiting for one another and mimicking themselves. I will be watching out the development of this pattern. NOTE: The major trend is bullish and this is an alternative view based on the current market structure. Best of luck on the chart! Veejahbee
Short
by Veejahbee
4
What Last Friday Sell-Off Could Mean for EURUSDThe 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 three-wave up in wave (b). This pattern could result in a complex corrective structure in wave 2. If this count is correct, the pin bar should send the pair further lower in a five-wave pattern in wave (c) to complete an expanded Flat Elliot Wave pattern. The blue box and 78.6% Fib is the estimated area for wave (c) to bottomed. What's your view on EURUSD? Thanks for reading! Veejahbee.
Short
by Veejahbee