What is a Diamond pattern? A diamond pattern is used for detecting reversals: there are two types of diamonds: Bullish diamond - can be found on downtrends and shows a possible reversal upward Bearish diamond - can be found on uptrends and usually signals for an upcoming major correction Once rightly identified, it is one of the most profitable patterns...
I'll let the formations do most of the talking. The diamond tops are some of my favorite technical chart patterns, but this comes with a couple added points: Break the area of support on the Diamond's right side Must have a lot of volume after breakthrough Some important news backing the move Declining Momentum indicators or crossovers are a bonus I...
After this amazing eth run last days we consolidating between this fib lvls and now we set up a potential Diamond top watch out there is sum 2.8k-3k potential
I'm expecting a brief 25-30 percent correction before continued upside. Bearish Profit taking targets will be at around the $6.90 area with Stoplosses above $10.24 I expect that after GEL retraces back down to the $6.90-$6.40 Levels that it will continue it's uptrend: For bullish Targets on GEL refer back to my original Bullish idea on the Related Ideas tab
Bull run is coming to an end, even if it's only temporary. Diamond top leading to dump across multiple charts in multiple sectors. Will continue to add to shorts until we break above downtrend (red dash line).
Watch out for continued pullback amongst many names. EEM looks to be heading to sub-50. #bearlyfe Diamond dump into S wave
Bearish Diamond Top Pattern possibly forming from ATH to test several support levels below. It may be a good time to short and accumulate more. The weekend is here and you know how it goes with Bitcoin! You just never know. Have a good one!
Provided the link below to the original trade plan. Looking for entry break below $59
I do not believe that I have seen such a sequence of diamond patterns, such that, they form an inception diamond top (i.e. a diamond top within a diamond top). Moreover, the diamond bottom pattern is an even more bearish sign than the diamond top. Maybe all the bearishness cancels out and the Dow rips higher. More likely though, this will end in a violent...
start the trade at bottom breakout the target is the height of the diamond
Hope you took advantage of Doge which I made a post back on January 9th. I labeled this neutral as it will likely go up resulting in a bear trap. All of you out there quoting 10-14 cents be careful. I see this coming down to the 4.4 cent level, which would be a great place to step in for a good sized bounce. It's been a fun ride but all good things come to an...
Amazon has developed a Diamond pattern that's visible on the daily and weekly TFs Diamond patterns a neutral and can break out in either direction but looking at the price action AMZN has shown within the pattern gives me somewhat of a bearish bias as it looks toppy so I will be playing this to the short side I have the short setup plotted on the chart.
I may have identified what could be a reversal trend in the market for BitCoin and changes within the crypto market as a whole. As you can see I have set up a diamond top in the screen. I hope that it doesn't come to this for the bulls out there, but we may have topped out in the short and long term. Indicators are looking hot and need to cool off.
Looking at BTC on 1H chart, I noticed a diamond top pattern, which is not perfect but yet it's there. I drew it with the yellow trendlines . However, the purple trendline in the bottom of the formation is the neckline of a possible H&S pattern, which is also visible on 4H chart, but this is valid if the left shoulder is formed in the near future. Thus, if this...
AMZN completing this diamond by 12/7. If it breaks down I am expecting a big move down.
Break even failure rate for up/down breakouts: 21%; 15% Average rise/decline: 29%; 17% Throwback/pullback rate: 57%; 58% Percentage meeting price target for up/down breakouts: 65%; 63%
#BTC Perfect Diamond Pattern Diamond Pattern : - On Top of The Chart is Highly Bearish - On Bottom of The Chart Highly Bullish