Looking at Gold's recent interaction with 4H Heffae Cloud, it looks to be strongly path-fitting within the tight bounds of the cloud body.
This is a nice looking formation, and gives a lot of validity for the 4Hr paths above and below price for the next interaction. I believe the local bottom will materlize at the same level as cloud twist, with price finding support on top of the cloud "cup" prior to the twist.
After this, it may continue for another leg down, as longer timeframes look extremely bearish.
This is a nice looking formation, and gives a lot of validity for the 4Hr paths above and below price for the next interaction. I believe the local bottom will materlize at the same level as cloud twist, with price finding support on top of the cloud "cup" prior to the twist.
After this, it may continue for another leg down, as longer timeframes look extremely bearish.
Note
It dipped a little below the bottom I called, but accumulation at that level would have you up 1.6% in a day. Heffae Clouds FTW!
SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
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.
SNOW_CITY public chat room - Indicator Q&A
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
Related publications
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.