Raising inclination trend has confirmed on the Dow Jones.
What this means is that the rising trend is going up at a higher degree.
A normal trend is around 45 degrees. A stronger trend is 60 degrees. and once it starts rallying above 60 degrees this is where GREED kicks in and you should prepare for downside.
Also there is a strong Rising Channel which I'm sure countless range traders are loving at the moment as well as Trend traders.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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