Stellar (XLMUSD) just turned bullish on its 1D technical outlook (RSI = 55.377, MACD = 0.005, ADX = 37.056), extending the rebound on its 1W MA50. The long term pattern is a Triangle so for the medium term the upside is limited to 0.55000. Since however the structure from mid 2024 resembles late 2016 onwards (price rising then pulling back to the 0.5 Fib), we expect a rise to the 1.618 Fib (TP = 2.5000) if the price crosses above the LH trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
- Starbucks reversed from support zone - Likely to rise to resistance levels 85.00 and 90.00 Starbucks recently reversed up from the support zone between the key support level 76.20 (which stopped the previous wave A at the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the C-wave of the previous intermediate ABC correction (2) from the start of March. Given the strength of the support level 76.20 and the bullish divergence on the daily Stochastic, Starbucks can be expected to rise to the next resistance levels 85.00 and 90.00.
Well, that’s it — Bitcoin is tired of resisting the bears. As long as there was enough buy volume, the bears were offloading quietly. But now, we’re heading down. Happy May holidays, everyone. I’ll post a more detailed update tomorrow — stay tuned!
- GBPAUD broke support zone - Likely to fall to support level 2.0475 GBPAUD currency pair recently broke the support zone between the pivotal support level 2.0685 (which stopped the previous waves i, iii, v) and the 50% Fibonacci correction of the upward impulse from January. The breakout of this support zone continues the c-wave of the active ABC correction 4 from the start of April. GBPAUD can be expected to fall to the next support level 2.0475 (target price for the completion of the active correction 4).
MY message seems to be a trading signal or trade plan for *BTC/USD (Bitcoin to US Dollar)*. But there's a likely typo or inconsistency in the numbers: * You wrote: *"Buy now 9726 target 1017"* * This implies *buying at \$9,726* and targeting *\$1,017, which is a **loss*, not a profit. ### Possible Interpretations: 1. *If you meant:* *Buy at 9726, **target 10170* → This makes more sense as a profit-oriented trade. Example: * Entry: \$9,726 * Target: \$10,170 * Potential gain: \$444 2. *If you actually meant:* *Buy at 9726, **target 1017* → That’s a major loss and likely a typo. --- *Note:* As of early 2025, Bitcoin has not traded in the \$9,000 range for years. It has been well above \$20,000+ for a long time. This suggests your entry point is outdated or incorrect.
This week, I’ll be watching to see how much downside momentum remains after price reacted from my 8H supply zone. Just below the current price action, there’s a clean 3H demand zone I’m expecting price to mitigate — which could spark a bullish reaction or a short-term bounce. My next supply zones are further above on the 2H and 5H timeframes, so I’ll be waiting to see whether we get another break of structure from this move, which could create a new, tradable supply zone. Ideally, I’ll wait for a Wyckoff schematic to develop at one of these key POIs before committing to a trade. Confluences for EUR/USD Buys (Short-Term): - Multiple liquidity points to the upside that price may seek to take out. - A clean, unmitigated 3H demand zone just below the current level. - The DXY is still showing weakness, aligning with bullish short-term EU moves. - This could be a counter-trend opportunity before a larger sell-off resumes. P.S. While my bias leans more towards selling from higher up, I’ll be open to counter-trend longs if the lower POIs hold. Just remember to keep your risk management tight and only take trades with clear confluence and confirmation.
Timeframe: 15-Minute (M15) Fast-paced short-term trade. Supply Zone (Entry Area): Price is rejecting from 0.82720 – 0.82840 resistance zone. Bearish Signal: Multiple rejections at red zone suggest sellers are active. Stop Loss: Placed slightly above resistance at 0.82846. Target Zone: Demand area near 0.82100 – 0.82120, marked as the take-profit zone. Trend Confirmation: Lower highs and resistance hold confirm bearish bias. Risk-Reward Ratio: Wide green zone vs tight stop — high reward-to-risk trade.
Target level is $415 to $400. Political news will most likely influence this move. Earnings were great. Huge volume profile gap that I think will be closed. Watch out for another bull trap soon, but I think we just peaked.
The Wolfe Wave Pattern Indicator is designed to help traders identify potential trend reversals in the financial markets. It is based on the Wolfe Wave...
Price is currently approaching a key supply zone after a sharp drop, with signs of weakness on the lower timeframe. The recent bullish push appears corrective, forming a potential lower high structure. Looking for price to tap into the highlighted supply area and show rejection — this could confirm a short opportunity. Entry: 0.00447 Stoploss: 0.00466 Target: • TP1: 0.00428 • TP2: 0.00412 • TP3: 0.00398 • Final TP: 0.00370 This setup aligns with a bearish continuation bias unless price breaks cleanly above the zone.