The Level to watch, 1D Heffae Clouds
Updated
1D Cloud has been finding resistance on (thick) predictive inter-cloud line repeatedly after breaking through cloud bottom.
Now we are retesting this line and I believe we will break through / close above. This is a major line to cross, as it has been massively valid (price rejected!!) and price finding support on this line will be a major signal for continued uptrend.
https://s3.amazonaws.com/tradingview/snapshots/g/GPI6dyJd.png
See 2Hour cloud support (top of 2Hour cloud is where I got long)
https://s3.amazonaws.com/tradingview/snapshots/o/OkIUGja1.png
Try setting Heffae Clouds Custom timeframe to 1440 (daily) and chart to 2Hour, 3Hour in order to identify when price crosses over this line and starts wicking / closing as support!
Now we are retesting this line and I believe we will break through / close above. This is a major line to cross, as it has been massively valid (price rejected!!) and price finding support on this line will be a major signal for continued uptrend.
https://s3.amazonaws.com/tradingview/snapshots/g/GPI6dyJd.png
See 2Hour cloud support (top of 2Hour cloud is where I got long)
https://s3.amazonaws.com/tradingview/snapshots/o/OkIUGja1.png
Try setting Heffae Clouds Custom timeframe to 1440 (daily) and chart to 2Hour, 3Hour in order to identify when price crosses over this line and starts wicking / closing as support!
Note
s3.amazonaws.com/tradingview/snapshots/8/8Eldmyfp.png4Hr realtime High (Green) support still holding
Note
s3.amazonaws.com/tradingview/snapshots/p/plv8lo45.png3HR cloud is a critical support as well.
Note
4Hr cloud acting as very strong resistance. Candle closing slightly above cloud bottom was a false signal for that path turning to bullish support.
Looking for support on 4Hr Realtime LOW. If 4Hr closes below Realtime, this spells bad news.
Keep an eye on 3Hr as well.
s3.amazonaws.com/tradingview/snapshots/h/HXNI6mx2.png
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