qrsi supports, 4HR cloud interaction, fairly solid long setup.
Updated
Looking at the upcoming 4HR cloud interaction & qrsi support levels, as long as the price stays above the 4HR cloud and above 0 on the qrsi indicator (4HR) this looks like a bullish continuation and I am fairly certain we will get another leg up from these levels.
If the price breaks underneath the cloud top and under 0 on the qrsi, the next support is -2 qrsi which will determine whether or not price continues in a bullish direction! I am in a position now, but will close very quickly if the price closes under 4hr cloud top.
If the price breaks underneath the cloud top and under 0 on the qrsi, the next support is -2 qrsi which will determine whether or not price continues in a bullish direction! I am in a position now, but will close very quickly if the price closes under 4hr cloud top.
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This last shakeout is indicative of a continued downtrend, The 4HR cloud and QRSI supports were broken. Going to scale out or stop out of long position.
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