Published: June 3, 2025
🔍 Chart Breakdown (Daily | LuxAlgo + EW + SMC)
Structure Summary:
🔶 Wave Count: Completing Wave (5), with price nearing exhaustion
🔴 Weak High Zone: ~6,100–6,200 = liquidity magnet
🟥 Premium Zone: Between current price and 6,426
🟦 Equilibrium Zone: ~4,950–5,150
🟩 Discount Zone: ~4,150 = long re-entry or cycle bottom if correction occurs
📅 Key Timing Line: June 17, 2025 = potential reversal date (time-based confluence)
Volume Analysis:
🔊 Volume spikes at Wave 2 and Wave 4 suggest reactive participation
📉 Lower volume into recent highs suggests distribution, not accumulation
🔁 Multi-Timeframe Outlook
Timeframe Direction Probability Rationale
Intraday (15M) Bearish 60% Weak high rejection, premium zone swept, liquidity-based reversal
Swing (2–3 weeks) Bullish → Bearish 70% to 6,420 → then reversal Wave 5 completion into supply zone, followed by corrective ABC
Macro (Q3–Q4 2025) Bearish 80% Likely mean reversion toward equilibrium (5,000) or discount (4,200)
📊 Key Price Zones to Watch
Level Label Strategy
6,426 🎯 Wave 5 Target Look for exhaustion, divergence, or liquidity sweep
6,150–6,200 🟥 Weak High / Premium Possible fake-out zone or reversal trigger
5,900 🔵 Short-term support Likely retest zone on first rejection
5,150–4,950 ⚖️ Equilibrium Mid-cycle mean reversion target
4,150 🟩 Discount/Strong Low Long reload zone if correction deepens
⚠️ Risk Considerations
Macro Data Watchlist: June 12 CPI + June 17 FOMC = macro catalysts for Wave 5 peak
Invalidation: If price holds above 6,450 after June 17, EW count must be adjusted
Alternative Count: Parabolic Wave 5 extensions can overshoot — be cautious shorting early
🔍 Chart Breakdown (Daily | LuxAlgo + EW + SMC)
Structure Summary:
🔶 Wave Count: Completing Wave (5), with price nearing exhaustion
🔴 Weak High Zone: ~6,100–6,200 = liquidity magnet
🟥 Premium Zone: Between current price and 6,426
🟦 Equilibrium Zone: ~4,950–5,150
🟩 Discount Zone: ~4,150 = long re-entry or cycle bottom if correction occurs
📅 Key Timing Line: June 17, 2025 = potential reversal date (time-based confluence)
Volume Analysis:
🔊 Volume spikes at Wave 2 and Wave 4 suggest reactive participation
📉 Lower volume into recent highs suggests distribution, not accumulation
🔁 Multi-Timeframe Outlook
Timeframe Direction Probability Rationale
Intraday (15M) Bearish 60% Weak high rejection, premium zone swept, liquidity-based reversal
Swing (2–3 weeks) Bullish → Bearish 70% to 6,420 → then reversal Wave 5 completion into supply zone, followed by corrective ABC
Macro (Q3–Q4 2025) Bearish 80% Likely mean reversion toward equilibrium (5,000) or discount (4,200)
📊 Key Price Zones to Watch
Level Label Strategy
6,426 🎯 Wave 5 Target Look for exhaustion, divergence, or liquidity sweep
6,150–6,200 🟥 Weak High / Premium Possible fake-out zone or reversal trigger
5,900 🔵 Short-term support Likely retest zone on first rejection
5,150–4,950 ⚖️ Equilibrium Mid-cycle mean reversion target
4,150 🟩 Discount/Strong Low Long reload zone if correction deepens
⚠️ Risk Considerations
Macro Data Watchlist: June 12 CPI + June 17 FOMC = macro catalysts for Wave 5 peak
Invalidation: If price holds above 6,450 after June 17, EW count must be adjusted
Alternative Count: Parabolic Wave 5 extensions can overshoot — be cautious shorting early
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.