Since VEEV isn't a pure play healthcare stock it's difficult to say FOR SURE that wave 5 has completed. It should at least retrace here to the .382 level for now.
Expecting a throwback from the major channel of the completed impulse wave. Watch that 130-132 level for a rejection... if it rejects and moves down I think we see an AB=CD pattern to complete wave A of the corrective wave. Should see a higher RSI here to set up for a pretty choppy B wave going back up.
Currently holding long scalps and will add shorts at 130+.
Expecting a throwback from the major channel of the completed impulse wave. Watch that 130-132 level for a rejection... if it rejects and moves down I think we see an AB=CD pattern to complete wave A of the corrective wave. Should see a higher RSI here to set up for a pretty choppy B wave going back up.
Currently holding long scalps and will add shorts at 130+.