I have to give credit to Julian Brigden for this outline. So please look up his recent Blockworks interview on youtube.
I am happy to further develop on his observation by pointing out that what he observed as a "crash pattern" is in fact a diamond reversal pattern.
I enclose a comparison to what I consider the "classic" manifestation of a diamond reversal which...
Here is a USDJPY Sell Idea. The MA's are crossing on the downward side, yet I would take this trade with a grain of salt. If you'd like to enter in this trade, please use proper risk management. If you see something different in this trade, please comment below.
