The rising wedge broke structure near the weak high in premium territory. We are now seeing bearish CHoCHs and BOS with volume confirmation, suggesting a move down toward the next key demand zone between 5840–5720.
📊 Volume Analysis
Spikes in sell volume during BOS align with structural shifts, confirming the loss of bullish intent.
📌 Key Zones
Premium Zone: 6000–6080 was swept and rejected
Target Zones: 5840, 5760, and final liquidation zone near 5668
Equilibrium sits below 5700, matching confluence with prior FVG and OB
🔀 Scenarios
Price could react mid-range and retrace to test the weak high again.
A full sweep of the lower liquidity zone near 5668 could create a bullish springboard for a longer-term continuation.
🎯 Bias: Bearish unless price reclaims 6020 on strong volume.
Watch for how price behaves near the mid-blue zone — patience will provide the cleanest entry.
— WaverVanir International LLC
📊 Volume Analysis
Spikes in sell volume during BOS align with structural shifts, confirming the loss of bullish intent.
📌 Key Zones
Premium Zone: 6000–6080 was swept and rejected
Target Zones: 5840, 5760, and final liquidation zone near 5668
Equilibrium sits below 5700, matching confluence with prior FVG and OB
🔀 Scenarios
Price could react mid-range and retrace to test the weak high again.
A full sweep of the lower liquidity zone near 5668 could create a bullish springboard for a longer-term continuation.
🎯 Bias: Bearish unless price reclaims 6020 on strong volume.
Watch for how price behaves near the mid-blue zone — patience will provide the cleanest entry.
— WaverVanir International LLC
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.