XRP Correction Complete? — Long Setup Aligned with Fib & OBXRP has completed a 5-wave impulse move. As expected, XRP is now in a corrective phase, pulling back after rejecting from a key resistance — and it’s doing so with technical precision.
The question now: where is the next high-probability long setup? Let’s break it down.
🧠 Market Structure & Key Zones
Using Fibonacci retracement from the base of the 5-wave impulse, we now have a potential golden pocket target aligned with major confluence.
🔽 Support Zone
🔹 0.618 Fib retracement: $2.2982
🔹 Daily Bullish Order Block: $2.2949
🔹 Daily 21 EMA: $2.329
🔹 Daily 21 SMA: $2.301
🔹 Liquidity pool
🔹 0.786 Fib Speed Fan (only if price drops between May 17–18)
This creates a high-confluence support cluster at ~$2.3 — a prime candidate for a long re-entry.
🟢 Long Trade Setup
Entry: Ladder between $2.32 and $2.28
Stop-loss: ~$2.21
Target: $2.7175 (0.618 Fib retracement of the corrective downtrend)
R:R: ~5:1
🔴 Short Setup (Conditional)
Trigger: Rejection at $2.7175
Entry: ~$2.7175
Stop-loss: Above $2.8033 (0.666 Fib) → set at ~$2.811
Take Profit: ~$2.56 or lower
R:R: ~2:1+ (dependent on entry confirmation and PA behaviour)
Shorts only valid if a clear rejection or SFP pattern emerges. If momentum is strong, this level may break — so wait for structure to confirm.
📘 Educational Insight: Why Confluence Matters
Too often, traders chase single-indicator signals. But real edge comes from confluence — when multiple tools (Fibs, MAs, Order Blocks, Liquidity, VWAPs, FVG, Speed Fans etc.) agree on the same zone. This alignment not only increases confidence in your entry, but also sharpens your risk management.
Think of it as building a case — the more aligned evidence you have, the stronger your trade thesis becomes.
📌 Summary
XRP is in a corrective phase after a 5-wave impulse
Clean rejection from weekly resistance → continuation of bearish trend
Long zone: ~$2.3
SL: ~$2.21 | TP: $2.7175 | R:R ~5:1
Optional short: $2.7175 rejection → SL $2.811 | TP $2.56
Precision isn’t about predicting — it’s about being ready when the chart speaks with clarity. Patience makes probability powerful.
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Swingtrading
Ethereum - The most important analysis for 2025!Ethereum - CRYPTO:ETHUSD - is clearly shifting bullish:
(click chart above to see the in depth analysis👆🏻)
After four years of trading, Ethereum is now sitting at the exact same level compared to mid 2021. However, Ethereum has been creating a significant triangle pattern and with the recent bullish price action, a breakout becomes more and more likely. Then, the sky is the limit.
Levels to watch: $4.000
Keep your long term vision!
Philip (BasicTrading)
USDCHF bullish There's a clear descending triangle with price testing the upper resistance. A breakout is anticipated.
You can enter from FVG (Stop loss 0.83230)or wait a breakout above the triangle, then retest.
We have two targets:
-The distance from the highest point to the support line which will be at 0.8522
-Second target will be swing deal take it on weekly IFVG which will be at 0.87132
Bitcoin - Approaching the all time high!Bitcoin - CRYPTO:BTCUSD - will break out again:
(click chart above to see the in depth analysis👆🏻)
It has been quite some time since we saw such a strong move on Bitcoin. But finally - not totally unexpected to be honest - Bitcoin is following its destiny and about to create another new all time high. Patience is key and strategy, risk and mindset will help you master the volatility.
Levels to watch: $100.000
Keep your long term vision!
Philip (BasicTrading)
Netflix - The bulls just never stop!Netflix - NASDAQ:NFLX - is insanely bullish now:
(click chart above to see the in depth analysis👆🏻)
The entire stock market basically collapsed during April. Meanwhile, Netflix is creating new all time highs with a +20% parabolic bullish candle. Looking at the chart, this strength is very likely to continue even more until Netflix will (again) retest the upper resistance trendline.
Levels to watch: $1.400
Keep your long term vision!
Philip (BasicTrading)
GBP/USD 4H Analysis – Bearish Bias in PlayThe market never lies, it simply reflects behaviour. And right now, the behaviour around GBP/USD suggests one thing: bearish momentum.
As seen in this clean 4H chart, price failed to hold above the key horizontal resistance zone and now showing signs of weakness after a retest. I’ve marked a potential bearish projection (red arrow) based on:
Key Technical Factors:
Rejection from a prior structure zone
Clean lower highs forming
Breakdown and retest of minor support
Room below toward - near 1.30300 (next yellow line)
This setup aligns with a potential swing move down toward the next area. If price follows through, we could see a solid continuation to the downside in the coming sessions.
Patience and discipline over prediction. Let price confirm the story it’s telling.
Weekly Market Wrap: Nifty Surges Past 25,000 – What's Next? The Nifty 50 index closed the week at 25,019, posting an impressive 1,000-point rally from the previous week’s close. The index made a high of 25,116 and a low of 24,378. The rally was driven by short covering and a surprise truce between India and Pakistan, which injected a wave of optimism into the market.
More importantly, Nifty broke out of the consolidation range of 23,200–24,600, closing strong above the psychologically significant 25,000 mark – a clear sign of bullish sentiment.
What to Expect Next Week (Outlook May 20–24)
Expected Range: 24,450 – 25,600
A breakout above 25,600 could open the doors for a retest of the all-time high (ATH) at 26,277.
As long as Nifty trades above 23,800, the broader trend remains intact.
Monthly Chart Patterns to Watch
A bullish "W" pattern could be forming, which ideally would require a pullback from current levels before resuming upward.
On the flip side, a bearish "M" pattern may emerge if the index tests ATH and faces rejection, which could trigger a sharp correction of 2,500–2,600 points.
For now, I remain cautious until the monthly time frame confirms a clear bullish breakout.
Global Markets Check: S&P 500 Eyes Key Resistance
The S&P 500 closed at 5,958, gaining 300 points week-on-week. As anticipated, a breakout above 5,770 propelled the index to meet all short-term targets of 5,821 / 5,850 / 5,900.
Key Level to Watch: 6,013
This is a major Fibonacci resistance — the same level where the market started correcting back on March 3, 2025.
A weekly close above 6,013 would be bullish, potentially triggering rallies toward 6,091 / 6,142 / 6,225.
However, a breakdown below this week’s low of 5,786 would confirm a failed breakout, with downside targets at 5,637 / 5,551 / 5,458.
Momentum traders, get ready – sharp moves are coming either way!
TBO TEK LTD – 19 May Trendline Resistance Test Incoming 📌 Trade Plan (Aggressive Swing Setup):
Buy above: ₹1,250 (on breakout + volume confirmation)
Stoploss: ₹1,195
Target 1: ₹1,310
Target 2: ₹1,385
Sell Below: ₹1,180 (if price rejects the trendline with high volume)
🔎 Technical Insights:
Strong volume buildup near resistance
RSI trending upwards with bullish momentum
Trendline acting as dynamic resistance since Nov 2024
For Education Purposes Only
EURCAD: Another Bearish Pattern 🇪🇺🇨🇦
Earlier, we spotted a head & shoulder pattern on EURCAD on a daily
and a confirmed breakout of its neckline.
Analysing a price action, I spotted another bearish formation today.
The price formed a bearish flag pattern, and it is retesting a broken
trend line at the moment.
I think that the pair may drop lower soon.
Next support - 1.5503
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
PEL | Breakout Setup | Short-Term Buy | Target ₹1100🟩 Trade Plan:
Buy Zone: ₹1059 – ₹1060
Target: ₹1100 (approx. 3.77% upside)
Stop Loss: ₹1037
Risk-Reward Ratio: ~2:1
Setup Type: Breakout above resistance zone (marked on chart)
Volume Confirmation: Strong bullish candle with high volume
RSI Confirmation: RSI bouncing above 60, momentum building
📈 Chart Annotations (TradingView Tips):
Draw resistance zone on 1H around ₹1060 – ₹1070 (breakout zone)
Plot EMA (9 & 21) or EMA crossover to confirm short-term bullish trend
Use RSI (14) to highlight momentum breakout
Highlight entry point, stoploss, and target with labels
Use TradingView’s “Long Position Tool” to visually display RR
For Education Purposes only
OIL – Oil India Ltd | Target: ₹429.00🟢 Trade Details:
LTP: ₹417.30
Recommended Buy Range: ₹415.50 – ₹416.00
🎯 Target: ₹429.00
🛑 Stop Loss: ₹408.70
🔍 Technical Snapshot:
✅ Strong bullish candle with volume confirmation
✅ EMA crossover supports the uptrend (9 EMA > 13 EMA)
✅ RSI at 62.22 shows healthy momentum
✅ Breakout above previous range box visible on Daily & 1H TF
📊 BB %B at 0.82 – still room before overbought levels
💼 Strategy:
Suitable for short-term MTF holding (2–5 days)
Risk-Reward ~1:1.5
Trail SL to cost once ₹424+ is breached
Use smaller timeframes (15m / 1H) to confirm entry with volume
For Education Purposes Only
GBPUSD SWING: +1000 Pips Later, GU Is Still Climbing in Stealth 🧠 Last Idea Recap from Early Feb 2025:
- We previously caught a multi-leg upside off the bottom channel (~1.2550) with over 350 pips in structured recovery.
- Price is now grinding within upper consolidation, testing the 1.3315–1.3350 supply shelf.
Note: Check out the previous Idea from related publications to verify.
Update: GBPUSD has now delivered over 1000+ pips in swing structure from the bottom breakout (1.2550s), with even more gains harvested through intra-day and scalp setups inside this multi-week ascending channel.
Recent UK macro strength (GDP beat across MoM, QoQ, YoY) injected new life into price action, adding fundamental confluence to the clean bullish technicals already building. Price continues to respect the rising structure with higher lows and controlled consolidation near a breakout shelf at 1.3350–1.3375.
🔍 Current Structure :
- Bullish flag forming near key supply zone
- No sign of distribution or exhaustion
- Channel still intact, buyers defending every dip
Next Leg:
- Break and hold above 1.3375 could fuel another 100–150 pip run toward 1.3470 and eventually 1.3550+
- Short-term traders: watch for a stop-hunt sweep before the real move
Entry Notes:
- Use lower timeframes (4H/1H) for confirmation wicks, volume spikes, or engulfing candles
- Avoid getting trapped on the first breakout candle—look for retest/reclaim plays
Whether you’re swinging or scalping, this pair has remained one of the cleanest GBP structures in months, and this ride might not be over yet.
ENDURANCE – Breakout from Supply Zone | Target ₹2136 ⚙️ ENDURANCE TECH LTD (NSE:ENDURANCE)
Time Frame: 15min / 1 Hour
📊 Trade Type: Positional / Intraday Momentum
📌 Buy Zone: ₹2042 (Above supply zone breakout)
🎯 Target 1: ₹2136
🎯 Target 2: ₹2287
🛑 Stop Loss: ₹1915
📈 CMP: ₹2022.60
📌 Chart Insights:
✅ Strong volume breakout from horizontal resistance
✅ Cleared EMA 9/13/26 crossover
✅ RSI > 60 indicates bullish momentum
✅ Bollinger Band breakout (BB %B > 1.00)
✅ Breaking above pivot R2 zone (₹2042) opens room to R3
⚠️ Strategy:
Enter on confirmation above ₹2042 with volume support on 15min or 1H timeframe.
Stop loss below breakout candle or EMA cluster around ₹1915.
Trailing stop as it approaches targets.
For Education Purposes Only
PEAQ — Fibonacci Meets Wyckoff Structure +100% SetupAfter more than 70 days of sideways action, PEAQ is finally showing signs of life — with a well-defined structure that suggests accumulation is giving way to a potential new trend.
What we’re seeing aligns closely with a classic Wyckoff Accumulation pattern. A local bottom formed around the psychological $0.10 level, followed by a clean breakout — marking a potential Sign of Strength (SOS).
Now comes the real opportunity.
Wyckoff Accumulation Structure
Following the long consolidation range:
🔹 Phase D: Breakout from range = Sign of Strength (SOS)
🔄 Current: Pullback = potential Last Point of Support (LPS)
The recent correction has now retraced into the 0.786 Fib zone of the impulse wave — a deeper but still healthy retracement for Wyckoff structure. Notably, this level also coincides with the previous highs that PEAQ broke out from, now flipping into support. A perfect test of demand.
🔍 Confluence Zone Breakdown
0.786 Fibonacci retracement: ~$0.1312
Previous highs: ~$0.14
Monthly open: $0.1289 (ideal invalidation level)
These overlapping signals create a tightly packed support zone that defines the next high-probability long setup.
🟢 Long Setup — 0.786 ($0.1312)
Entry: $0.1312
Same stop-loss: $0.125 (below mOpen)
Targets: $0.2589 and 1.618 Trend-Based Fib Extension target at $0.2694
R:R: ~16:1+
Potential upside: +100%+
📘 Educational Insight: Wyckoff Meets Fibonacci
This setup is a combination of Wyckoff theory and Fibonacci structure:
SOS breakout signals strength
LPS pullback into 0.786 Fib = high-probability continuation zone
Previous highs now acting as support
When structure, confluence, and psychology align — you don't chase. You wait.
📌 Summary
✅ 70+ days of accumulation
✅ SOS confirmed
🔁 Now retracing to LPS around $0.131
🔒 Monthly open provides clear invalidation
🎯 Targets: $0.2589 and $0.2694
💰 Potential R:R: 16:1+
Each chart is a lesson. Read it with patience, trade it with purpose.
___________________________________
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S&P500 - The bottom we have been waiting for!The S&P500 - TVC:SPX - officially created the bottom:
(click chart above to see the in depth analysis👆🏻)
This month we officially saw one of the craziest stock market fakeouts of the past decade. With a drop and reversal rally of about +15%, the S&P500 is about to even close with a green monthly candle, which then indicates that the stock market bottom was created.
Levels to watch: $120, $250
Keep your long term vision!
Philip (BasicTrading)
Tesla - Don't get confused right here!Tesla - NASDAQ:TSLA - is about to create the bullish reversal:
(click chart above to see the in depth analysis👆🏻)
2025 has been a rough year for Tesla so far. With a drop of about -50%, Tesla is clearly breaking the average retail trader. But the underlying trend is still quite bullish and if position strategy, risk execution and mindset control are all mastered, Tesla is a quite rewarding stock.
Levels to watch: $275, $400
Keep your long term vision!
Philip (BasicTrading)
HIMS – Pullback Opportunity After Massive RunHIMS has been one of the hottest stocks in the market recently, with a massive run fueled by strong earnings. But now we’re seeing the first meaningful pullback — and this could be a golden opportunity:
🔹 Earnings Gap Reversal (Bullish Signal)
Despite an earnings gap down, buyers stepped in aggressively, pushing the stock higher.
This is a classic earnings gap down reversal — a strong sign of demand.
🔹 First Pullback Opportunity
Historically, the first pullback after a major run tends to get bought.
I’m watching two key levels for a potential buy:
The shaded zone between the 9 EMA and 20 EMA (dynamic support).
The 0.38 - 0.50 Fibonacci retracement for added confirmation.
🔹 My Trading Plan:
1️⃣ Initial Entry: Starter position in the shaded EMA zone (9 EMA - 20 EMA).
2️⃣ Confirmation Add: If price bounces off the Fib zone (0.38 - 0.50) with strength.
3️⃣ Stop Loss: Below the 20 EMA for any initial position — keeping risk tight.
🔹 Why This Setup is Compelling:
Strong run + earnings reversal shows real buyer interest.
First pullback after a big run is typically a strong buying opportunity.
The dual confluence of EMAs + Fibonacci enhances this setup.
⚠️ Risk Management: Tight stop below 20 EMA — always control risk.
BTC Back to $100K — The Final Dip Before All-Time Highs?Bitcoin has been trading slowly and steadily just below its all-time high at $109588. The key question now is:
💭 Is BTC ready to break through and print a new all-time high? Or does it need one more dip before liftoff?
Let’s break it down.
Elliott Wave Structure & Market Context
BTC recently completed a clean 5-wave impulsive structure, with Wave 5 topping out into a major resistance zone. That confluence included:
Value Area High (VAH)
Weekly resistance
Daily multi-level clusters
Final resistance zone before price discovery
After multiple rejections from this zone, BTC lacked the momentum for a breakout — so a retracement was expected.
And that’s what we’re now seeing: a textbook ABC correction.
📉 ABC Correction Breakdown
✅ Wave A: Dropped sharply, nearly tapping the psychological $100K level
✅ Wave B: Retraced into the prior resistance band between $106133 and $104464 — rejected perfectly off the 0.786 Fib of Wave A
🔄 Wave C: Now unfolding
To project the potential bottom of Wave C, we use the trend-based Fib extension (Wave A = Wave C). The 1:1 extension lands at:
🎯 $99875 — Right at the $100K psychological magnet
Add this confluence:
🟢 Key swing high at $99475
✅ 0.5 Fib retracement of the entire 5-wave rally
🔍 Psychological Level: $100K
🔑 Liquidity and demand zone
This makes the $99K–$101K area a strong, high-conviction support zone.
🟢 Long Trade Setup
Entry zone: Ladder between $101K – $99K
Stop-loss: Below GETTEX:97K
Target: New all-time high at $109588
R:R: ~3:1+
Structure: Correction into high-confluence zone + psychological level = high probability setup
📌 Summary:
BTC likely finishing Wave C of ABC correction
$100K = confluence of Fib, structure, psychology, and liquidity
Setup is simple: Wait for price to retest this zone and trigger your plan
If this level holds, BTC may be ready to attempt a breakout into price discovery
Let the chart come to you — and trade the reaction, not the anticipation. 📉🔁📈
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MKVENTURES CAPITAL – Positional Breakout Setup📈 Buy Above: ₹1,700 (Breakout Zone)
Stoploss: ₹1,630
Target 1: ₹1,790
Target 2: ₹1,880
🔹 RSI is bullish, above 60
🔹 Strong volume build-up
🔹 Near resistance zone – breakout likely
📉 Sell Below: ₹1,630 (Trend Reversal)
Stoploss: ₹1,700
Target: ₹1,550
📊 Chart: Daily
📌 Strategy: Resistance Breakout with RSI & Volume Confirmation
💡 Risk-Reward: 1:2 (Good for swing trade)
For Education Purposes Only
ADA Correction Nearing Completion — Trade It Like a ProADA is respecting structure beautifully and currently consolidating after completing a 5-wave impulse move. The key question now is: where are the next high-probability trade setups?
Let’s break it down step by step.
Market Structure & Elliott Context
ADA has completed a full 5-wave bullish sequence, and—as expected—is now in a correction phase. This appears to be forming a classic ABC correction.
Using the Fibonacci retracement tool:
0.5 retracement of the entire move sits at → $0.7534
This aligns perfectly with the previous swing high at $0.746 — a level that has yet to be retested
The 1:1 trend-based Fib extension of a potential ABC correction puts Wave C at → $0.7492
Confluence Check:
This entire support zone (~$0.75) is stacked with technical alignment:
✅ Previous swing high: $0.746
✅ 0.5 Fib retracement: $0.7534
✅ 1:1 extension: $0.7492
✅ Daily 21 EMA: $0.7455
✅ Daily 21 SMA: $0.7347
✅ Point of Control (POC): ~$0.7318
✅ Anchored VWAP: Also sitting in this zone
✅ Pitchfork golden pocket: Aligns as dynamic support
All of these support indicators point to one thing: this ~$0.75 zone is a high-probability long entry area.
🟢 Long Setup
Entry zone: Ladder between $0.77 – $0.75
Average entry: ~$0.76
Stop-loss: Below $0.7318 (under POC)
Target: $0.9212 (0.618 retracement of the recent down wave)
R:R: ~5:1
Potential upside: +22%
🔴 Short Setup (on Rejection Only)
Entry: $0.9212 (0.618 Fib retracement of downtrend)
Stop-loss: Above 0.666 Fib → ~$0.958
Target: previous swing high or yearly open
R:R: ~1.4:1 (it can be adjusted tighter upon confirmation)
This short setup isn’t ideal in terms of R:R unless we see clear rejection. But with confirmation — like an SFP, bearish engulfing, or divergence — the stop can be tightened, making the risk-to-reward much more favourable.
📘 Educational Insight: Why Structure Beats Emotion
In trading, the strongest setups occur where multiple tools converge—Fib levels, EMAs, VWAP, volume zones, and past price action. When these align, it’s not about guessing—it’s about preparing.
The key is to wait for structure to come to you, not the other way around. Patience allows clarity. Clarity allows precision. And precision pays.
💡 Final Thoughts
The plan is clear. Levels are set. Now it’s just observation and discipline.
Good trades don’t chase attention — they present themselves to those who wait.
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