I originally thought this was trading in a symmetrical triangle (month view). I discovered diamond patterns. It's making me go hmmmm... What do you think about this idea?
Diamond Patterns signal a reversal:
www.moneycontrol.com
I had a follower ask me about the diamond chart pattern from my last video, so I decided to talk about it a little bit. To be honest it's not a pattern I typically watch for, but it can be a very profitable pattern if identified and traded accordingly.
So if I have drawn the pattern correctly, you can see a break to the downside based on this patter would put...
