Google Wave Analysis – 13 May 2025
- Google reversed from support area
- Likely to rise to resistance level 166.15
Google recently reversed up from the support area between the key support level 147.30 (which has been reversing the price from July), lower daily Bollinger Band and the 50% Fibonacci correction of the uptrend from the end of 2022.
The price previously formed the 2 weekly Japanese candlesticks reversal patterns Bullish Engulfing near the support level 147.30 – which signalled its strength.
Given the weekly uptrend, Google can be expected to rise to the next resistance level 166.15 (former support from the end of 2024).
Supply and Demand
Long trade
🟩 Buyside Trade Log
📈 Pair: BTC/USD
🏷️ Type: Intraday | NY to LND Session AM
🧠 Setup: Breakout
🆔 Trade ID: #BTCUSD-0513A
📅 Date: Tuesday, 13th May 2025
🕦 Time: 11:55 AM
🔹 Entry Price: 101,540
🔹 Profit Target: 104,638.11 (+0.98%)
🔹 Stop Loss: 103,453.78 (-0.16%)
🔹 Risk-Reward Ratio: 6.01
🔍 Reasoning:
Buyside breakout trade taken during the NY to LND session overlap. Price broke cleanly above a key intraday resistance level with strong momentum, confirming structural strength. Order flow supported bullish continuation, and the setup aligned with a broader liquidity run toward the next major high
Tesla Wave Analysis – 13 May 2025- Tesla broke resistance area
- Likely to rise to resistance level 360.00
Tesla recently broke the resistance area between the round resistance level 300.00 (which stopped the previous waves 4 and (1)) and the 38.2% Fibonacci correction of the downward impulse (C) from January.
The breakout of this resistance area accelerated the active medium-term impulse wave (3) from the end of April.
Tesla can be expected to rise to the next resistance level 360.00, top of the previous wave 2 from February and the target price for the completion of the active impulse wave (3).
Bullish as long as above 24400 As we can see despite the strength in midcap NIFTY fell following the temporary stay in conflict which can be continued at any point of time which creates uncertainties and reflected the same in index. Also operation Keller which has successfully executed by Indian army can add fuel to the fire for upcoming trading sessions and technically as long as we are above 24400, every dip can be bought so plan your trades accordingly and keep watching.
NzdUsd Trade IdeaNU has a solid level of support at 58895 where price has respected multiple times in the past. We even had a clean break and retest to the downside below 58895. With smaller time frames shifting bullish and pushing back above 58895 with a solid retest and bullish candle I've decided to go long. I'll be trading level to level with a 1:3rr. We'll see what happens. If the set up can go to plan then we could expect price to tap back into 59450 once again.
**PEOPLE/USDT: Potential Reversal After Order Block Break** ### **Key Levels:**
- **Daily Order Block (Resistance):** Strong bearish momentum hit the daily order block, weakening its strength.
- **Hourly Breakout:** Price broke the resistance at **0.02460**, with a bullish order block forming before the breakout.
### **Trade Setup:**
- **Entry Zone:** **0.02336 - 0.02460** (Retest of the bullish order block with weak momentum + confirmation of a reversal candlestick pattern).
- **Stop Loss:** **0.02305** (Below the order block for invalidation).
- **Take Profit (TP):** **0.03058** (Next key resistance level).
### **Analysis:**
1. **Order Block Interaction:**
- The daily bearish order block lost strength after a strong rejection.
- On the hourly chart, a bullish order block formed before the breakout at **0.02460**, indicating buyer interest.
2. **Confirmation Needed:**
- Weak momentum retest + reversal candlestick (e.g., bullish engulfing, hammer, or pin bar) for entry confirmation.
3. **Risk Factors:**
- False breakout risk if price fails to hold above the order block.
- Low liquidity zones may cause slippage.
### **Trade Plan Summary:**
- **Entry:** **0.02336 - 0.02460** (With reversal confirmation)
- **SL:** **0.02305**
- **TP:** **0.03058**
- **Risk-Reward Ratio:** ~1:3 (Favorable)
**#PEOPLE #USDT #OrderBlock #Breakout #Crypto
DOW JONES WEAK TRENDDOW JONES WEAK TREND
The Dow Jones has been experiencing some fluctuations lately. While it surged over 300 points recently, there are concerns about economic slowdown indicators, such as weak labor market data and declining consumer confidence. Some analysts believe that the Federal Reserve may cut interest rates in response to these trends. However, strong earnings from big tech companies like Microsoft and Meta have helped offset some of the downward pressure