Hello dear subscribers! The Diamond Pattern is a reversal pattern by nature. Prior to this pattern, there was a fall, as soon as the price goes beyond the border of this diamond, it will be a buy signal. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
A diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Diamond chart reversals rarely happen at market bottoms, it most often occurs at major tops and with high-volume. - BTC Ready For Bearish Move, MACD Bearish - RSI in Triangle
BTS likes diamond patterns . While this is a pretty rare pattern, in the case of BTC we see them quite often. Another diamond has been painted on a daily chart which promising a reversal. That fact, that this pattern appeared at the resistance line that has been drawn during multiple months, gives even more weight to this signal. In the long run, BTC is...
Perhaps a very rare figure is formed for a transocean called a diamond, all the goals are visible on the chart when making my forecast
This double top formation on the daily chart of EUR/CAD offers both an upside and a downside breakout trading opportunities. The pattern's borders are shown with the yellow lines. My potential entry levels are at the cyan line. My potential take-profit levels are at the green lines. I will use the middle of the diamond top as my stop-loss level.
Looks like a clear diamond pattern bottom, next level 12800 ?
Several indications to be on the short side next week. CURRENCYCOM:DE30 CURRENCYCOM:DE30 - MACD divergency - RSI divergency - Diamond pattern completed - last hours started to form a nice double top set up putting even more selling pressure on the DE30 for the following week Strategy: - wait for confirmation of Double Top and short. You can set positions...
TGT: 7500-7600 SL: 6775
Diamond off Shore Drilling Are we seeing a downfall in diamonds - this could get worse for them as they are looking to become bankrupt file for bankruptcy... According to a filing with the Securities and Exchange Commission, Diamond Offshore Drilling has elected not to make the semiannual interest payment on its 5.7% senior notes due in 2039. While that...
I was looking at allegorycave's chart at and it occurred to me that we might be building a great big bullish diamond shape. If it starts to fill in the other half of the diamond that would make it much easier to time the breakout. It seems to be lining up with the expected breakout timeframe after the halving. Diamonds are typically reversal patterns with a...
guys this is a weekly sell.i recommend selling now. the market is going back to where it came from. its a long long sell the best time to tripple your account... im adding this on daily aswell please check for confirmation thanks. if you liked the idea please like and follow for more ideas
first of all im sorry i dont know how to draw a diamond pattern on trading view as im new here. i can see gold formation of a diamond pattern. it can fall hard to the next support. this is just an idea im not a pro please trade at your own and do your analysis first before following me.thanks
Looking for a correction from the test of the ATH, there may be a diamond top forming on the lower time frames where we are now. I believe we are going to test support at ~$4.30 (orange) if we break that we will test $3 (red) again where we have stronger support. Breaking further from that will have us testing the ~$2.20 (blue triangle) range. An optimistic...
Bearish Shark in the making. Continuation pattern forming
21/Feb/2020 09:22 PM AUTHOR: Brandon Gum -- Direction determined by XLK ======================
Potential diamond topping pattern on the Bitcoin 1-hour chart. Was expecting a run to $9,350 and a slight pullback this week and now it appears as though we may get the pullback going into the weekly close tomorrow. Level of support I'm watching for on any decline is $8,900(red line), as long as price remains above that level the trend should remain up.