1 minute ago we closed a 12hr candle above the ichimoku cloud.
This came following a pattern which we saw after the bottom at 3.1k about a year ago - after we made a higher low.
If in the coming days we manage to stay above it and a green cloud starts to form it will confirm this idea and give us another bullish signal.
I am linking a related bullish idea I posted recently which is at the moment playing out very well.
The crosses I am mentioning are of the Conversion Line (kenkan sen) and the Base Line (kijun sen).
This came following a pattern which we saw after the bottom at 3.1k about a year ago - after we made a higher low.
If in the coming days we manage to stay above it and a green cloud starts to form it will confirm this idea and give us another bullish signal.
I am linking a related bullish idea I posted recently which is at the moment playing out very well.
The crosses I am mentioning are of the Conversion Line (kenkan sen) and the Base Line (kijun sen).
One more thing to be considered is the same chart if we move to daily and turn on 21 EMA and 55 EMA and they cross today (will be confirmed once the day closes unless we see a pretty major drop today). Look at the recent history of this cross on this chart: