Long Term Ichimoku Flat Cloud Support/Resistance Zones
Cập nhật
The red and orange lines (with price call outs) represent support and resistance lines from flat kumo clouds (hidden).
Read more about this strategy here: ichimokustrategy.com/support-and-resistance-trading-using-the-kumo-or-ichimoku-cloud/
Looking at 12H/6H Ichi indicator - paired with RSI reaching overbought areas in 6H and less time frames I think we have seen the top, and this will be confirmed by an extended drop below the $1118 which was a previous major flat Kumo cloud resistance line that was very briefly passed.
If $118 does not hold there is weak support around $1076 area with strong support around $1004 and $949 areas.
An extended break below 900 would confirm we are in a major retest towards the strong support of mid ~850s
$844 is an interesting support level because Kumo flat cloud lines were drawn all the way back from late 2014 and intersected multiple times with 3 other flat clouds.
Read more about this strategy here: ichimokustrategy.com/support-and-resistance-trading-using-the-kumo-or-ichimoku-cloud/
Looking at 12H/6H Ichi indicator - paired with RSI reaching overbought areas in 6H and less time frames I think we have seen the top, and this will be confirmed by an extended drop below the $1118 which was a previous major flat Kumo cloud resistance line that was very briefly passed.
If $118 does not hold there is weak support around $1076 area with strong support around $1004 and $949 areas.
An extended break below 900 would confirm we are in a major retest towards the strong support of mid ~850s
$844 is an interesting support level because Kumo flat cloud lines were drawn all the way back from late 2014 and intersected multiple times with 3 other flat clouds.
Bình luận
Correction about $849 - the multiple kumo flat clouds intersect as far back as early 2014
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.