Trading Diamond Pattern The chart above shows a "Diamond bottom reversal" from the TVC:USOIL tick chart. 1. Wait for a clear breakout from the "Diamond pattern. 2. Enter a "long" trade at 54.35. 3. Place a "stop" order bellow the low of the "Diamond at @ 49.44. 4. Target the range of AB from C to @ 74.35.
Mark Douglas on Chart Patterns: We can use all the various tools to analyze the market’s behavior and find the patterns that represent the best edges, and from an analytical perspective, these patterns can appear to be precisely the same in every respect, both mathematically and visually. But, if the consistency of the group of traders who are creating the pattern...
A bearish diamond formation incoming. We should watch for the ascending trend line to be broken to see that diamond has come. Otherwise, I am still bullish.
Nice little pattern to enter short!
Formación de patron Diamante , poner un sell stop en el punto de quiebre 113.727 . Take Profit: 113.199 Stop Loss: 113.959
Buy Price: 0.0000271 - 266 target 1 - 0000.310 target 2 - 0000.337 sl - 0000.250 Bitcoin Diamond, a good buy zone for short-term profits. As well as a good potential for the medium term, where profit can be more than 100% Profit Expectations: 24 Percent Sell when you got some profit according to your way of trade. I am sure, you will be get nice profit....
Very rare pattern. You better buy this motherfucker before it's too late!
Fantastic to see today's (November 5th) xrprice action do exaclty what I have been predicting this whole bull flag it would do. Not only did the initial breakout reach the small 4hr chart inverted h&s breakout target it then continued up after triggering the diamond pattern and on the way there found resistance exactly at the long astanding diagnoal ascending...
$BTCUSD diamond bottom in play at the moment. Details below from thepatternsite, and satisfying many of the required conditions. First target: 7020 Second target: 7260 "Touches: Prices will touch each trendline once or twice. Don't worry if your lines cross some of the price outliers." "Volume trend: Downward trend 67% of the time." "Breakout: Upward 72%...
Bullish thesis is for QQQ to bottom in inverse H&S type price action and for IWM to form a diamond bottom. Stops would be below yesterdays low Im thinking. Publishing for review purposes
Buy now and Set Buy limit 0.718 as charts
#BTC 12h The market continues to go sideways, despite the recent bullish divergence. The relevance of the positive scenario is strengthened by the formation of a possible reversal pattern of diamonds, as well as overcoming the resistance of the recent downward trend. But just do not forget about the earlier crossing of the MA50 and MA200, in this situation a...
Hey guys, time for first weekly update! :-) Check all these patterns! All double-Tops got triddered and "rode" by the market. Do they got invali? They just show us a lot of weakness, fraught and doubt at the bulls-side! All of these DT`s have created a Shoulder-Head-Shoulder_Pattern which is a Trend-turning-pattern. AS you can see, we have a gap between...
Weekly Looking at our trend timeframe we see DMD is stuck in a major downtrend with no signs slowing down. Stochastic rsi showing monumentum has bottomed out, but still no signs of reversal. Expecting price to fall towards 20000, and bounce off this level, if we do not bounce off this level, it gets scary. Daily Shifting over to our pattern timeframe we see...
well that's going to be the ultimate question here as to whether you're long or short. Ultimately, I say we going down but this is 50% retracement to decide whether we bounce to fulfil bullish 5 drives or continue falling to fulfill Bearish Shark.
Just buy some.. Minimum 3x profit..
overall structure a Bullish 5 Drives OR Bearish Shark. Bearish Bat Diamond (potential reversal) pattern forming