I think it'll pop downwards because of this diamond bottom. But it's anyone's game here. A strangle would probably pay best.
Just watch for future reference.
Should affect NASDAQ:QQQ NASDAQ:TSLA AMEX:SPY as well.
GBPJPY is trading a diamond continuous bullish pattern on its daily chart.
The price is trading above Mid: 160.498 and approaching the Breakout: 172.129.
Stop below the low previous to the Breakout: 172.129.
Targets:
62%: 186.658
79%: 190.717
100%:195.674
Hewlett-Packard, after making five macro waves up, has formed a Bearish Structure that can only be described as being a hybrid between a Diamond and a Head and Shoulders pattern, and along with that, it is also a combination of a Bearish Dragon and Bearish BAMM.
All of this is happening after HPQ faced rejection off of the PCZ of a Bearish Crab going into its 5th...
GBPJPY has formed a diamond bottom pattern and the price is trading above the BREAKOUT: 180.524
Target zone 1
62%: 183.147
79%: 183.854
127%: 184.769
227%: 184.769
Hello, fellow traders! 👋📈 Welcome to TCPLTP (Trade Chart Patterns Like the Pros)!
Today, we'll dive into an exciting analysis of GBPJPY using the Mama Diamond pattern, which has now given birth to a little baby diamond. 🤩💎 We'll explore how to leverage existing Fibonacci ratios as support and resistance levels within this single pattern structure.
GBPJPY is...
Volatile EV stock showing signs of a Wyckoff Accumulation or Diamond Pattern. Would like for it to hold $0.5 or move towards the Spring area to then follow the Yellow paths.
GBPNZD has formed a Diamond Bottom reversal pattern on its daily chart.
The Price is trading near the Breakout: 2.03195.
ST: 1.99395
Target1:
62%: 2.16627
79%:2.20281
Target2:
127%: 2.24911
162%: 2.38346
Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the...
Greetings traders,
I trust you had a fulfilling weekend, and to our British colleagues, enjoy the added day of respite for the UK Summer Bank Holiday on August 28th, 2023.
As we approach Monday, August 28th, 2023, we should anticipate a potential reduction in trading volume due to the ongoing holiday. However, let's remember that trading opportunities will...
CHFJPY has formed a diamond bottom on its hourly chart and the price is trading near the BREAKOUT: 162.160.
Targets:
62%: 164.230
79%: 164.813
127%: 166.450
162%: 167.586
I've been tracking this for approx 9 months - I thought it had finished its form much earlier however I kept re-drawing trend lines - checking time frames high and low like a mad man.
The consensus I keep coming too is we have a huge opportunity here. Diamond patterns are characterized as very rare however extremely reliable bc of how rare they are. They higher...
The truth is that the global situation is wearing out and in addition to this, the fomo of the World Cup is over. I think that for my part I expect a bearish movement in this Token and thus respect the bearish channel that it has and also this possible diamond that is at the top of the channel, I would think that it is a good risk-reward to take advantage of.
GBPJPY has formed a diamond continuous pattern on its hourly chart.
the price is trading below near the breakout level Breakout: 174.281
Targets:
62%: 175.366
79%: 175.660
AS YOU CAN SEE we have a beautiful quasimodo structure which is not normal one ... diamond one is more accurate and more powerfull combined with latest PRZ spike and price action candle confirmation
