Once you learn how the Wall Street Degens use the derivitives and VIX to basically legally wash trade and spoof you dont get surprised when diamond "reversal" patterns Puke anyway to the original trend. A real diamond indeed... DXY same fate. Diamond Smiamond.
Larger diamond pattern forming after the July pattern played out and hit target. Strong bullish divergence on the larger time frames, bounce off the .618, and RSI trend break and backtest (similar to July/Aug run) looks pretty good. Could come back to test the support line before continuing
DexCom appears to be in a Diamond Pattern while showing big MACD Hidden Bearish Divergence on the Weekly Timeframe that could later lead to a Confirmed ABCD/Gartley BAMM Harmonic breakdown upon the breaking the B point which from there likely could take it down to the Pattern Completion Zone of $30.64. I will be playing this via the currently slightly OTM: FEB...
Here is the trade and your odds: This pattern breaks down 69% of the time. 82% of the time when it and (if) it breaks down the downward move will be at least the same percentage move as the upward price move that led to the diamond top approx imately 21% . This would translate into a dump right on or about the 50% fib retracement level at 3200 and change. Also...
On the VIX Volatility index , I have observed a diamond pattern, which suggests that the current instability in market sentiment is likely to lead to a rise in market prices. Based on this, I decided to open a long position at the entry price of USD 21.21. I have set the Stop Loss level at USD 19.53 so that if market prices turn worse than expected, I can close...
In the chart above I have provided textbook matching example of a diamond formation that was entered with bearish sentiment and if followed should indicate a market reversal. Points: 1. With a Higher Low (HL) being confirmed at the moment next leg to follow should be to the upside. 2. A cross Below 3750 would invalidate this setup. 3. A cross Above 4150 would...
We have a MACD Bullish Divergence as the RSI begins to exit the Bearish Control Zone i also like the low PE Ratio. I think it's in position to me a 50-61.8% Retrace upon breaking out.
National company for glass has formed diamond that has broken out!
BTC is showing a nice example of a diamond pattern atm. Diamond patterns are meant to be a sign of a trend reversal. In this case there is a diamond at the intersection between upward and downward sloping channels. It also shows the characteristic up and down price swing at the center.
A bit of diversity is good for everyone. Gold Rush is good. Diamond Rush will be more insane. if you want to diversify. Buy Diamonds now, sell before 300$. Thanks me later. The Best predicitons are when u Detect the Push before the Rush ! not when is too late to enter. Happy Tr4Ding !
Correct me if i wrong, i see diamond bottom here. So, I think we can long now.
Targets below and above, depending on which what this diamond breaks.
We have a Diamond pattern forming at these lows here on the Monthly XRP Chart. Diamonds are inherently Neutral Patterns but given the fact that XRP is currently sitting closer to Horizontal Support than it is from Resistance; I'd say the edge is leaning somewhat more towards the Bullish Scenario Here. I'll be Posting a Macro Chart for the XRPUSDT Pair soon the...
A diamond top is often times more likely than a continuation diamond but when you’re on as small a time frame as the 3 hour the exception tends to happen way more often than on longer time frames meaning all bets are off on which way its going to break until it confirms.
Diamond pattern ETH showing upward momentum coming Target 1733
In the lowest time fram, Ethereum seems to have formed a diamond pattern. Which one will happen first? 1800? or 1500?
made the lines more fitting and parallel to the larger scale. the grey lines added as an 'offset'. i am not a financial advisor.