The angle of ascent is close to 70 degrees. This is very rare and almost unprecedented. When the angle gets to 80 degrees or greater then look for a big crash to follow. The last time the angle of ascent was greater than 80 degrees was right before the 1929 crash.
That's a very interesting sentiment. What would you say is keeping this market bullish?
News and momentum perhaps?
Sintar123
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@walt12go, momentum, public participation. Everyone is talking about stocks nowadays!
scilentor
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@walt12go, Also worth considering that people are not spending too much now because all the lockdowns, banks offer no interests, so the next place people look to put their money is stock markets. This doesnt go hand in hand anymore with specific expectations on the returns anymore.
@Sintar123, I would appreciatte if you could show how to measure... I've been trying with the "trend angle" tool, but it changes according to zooming in and out... I have no idea how to measure. thank you
Sintar123
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@LotusTrading20, it changes if you adjust the candle duration from daily to weekly to monthly
News and momentum perhaps?