Notes:
In addition to price trading above the 52-Period SMA (which is a very strong indicator of price trend); note that the 26-Period Kijun-Sen EMA has also crossed up & above the 52-Period SMA; (looks like that is not an ordinary bullish price action over here...; it could even be a "Golden-Cross"). *It is not an ordinary cross of a typical 9-period SMA/EMA with the 26-period EMA over here which is all too common & happens all of the time; (right here is perhaps something much stronger/significant in-terms of signifying a more stronger trend direction)...
In addition, also note the Ichimoku-Clouds; which are also supportive of the bullish trend...
Last but not least, the Kijun-Sen (26-Period EMA ) is pointing up (with reasonable upwards momentum) (that means price = up; simple as that when I trend-trade in smaller time-frames like 1-minute chart).
Best regards.
*Dark (thick) Maroon colored line: 52-Period Simple-Moving-Average
*Maroon colored line (thinner): Kijun-Sen (26-Period Exponential-Moving-Average)
In addition to price trading above the 52-Period SMA (which is a very strong indicator of price trend); note that the 26-Period Kijun-Sen EMA has also crossed up & above the 52-Period SMA; (looks like that is not an ordinary bullish price action over here...; it could even be a "Golden-Cross"). *It is not an ordinary cross of a typical 9-period SMA/EMA with the 26-period EMA over here which is all too common & happens all of the time; (right here is perhaps something much stronger/significant in-terms of signifying a more stronger trend direction)...
In addition, also note the Ichimoku-Clouds; which are also supportive of the bullish trend...
Last but not least, the Kijun-Sen (26-Period EMA ) is pointing up (with reasonable upwards momentum) (that means price = up; simple as that when I trend-trade in smaller time-frames like 1-minute chart).
Best regards.
*Dark (thick) Maroon colored line: 52-Period Simple-Moving-Average
*Maroon colored line (thinner): Kijun-Sen (26-Period Exponential-Moving-Average)
Comment:
Only one issue though; the 52-Period SMA (thick dark Maroon) is not pointing upwards as of now (as you can see)...; price still has the risk of pulling back to the downside a little bit I reckon... (But whatever is below the price presently are very-strong-supportive as far as I am concerned...)
