GOOG What appears to be a diamond top seems to be forming with a very clean, decisive break from the diamond, triangle, & 100 SMA. 200 SMA Support is around $2,660. Market Conditions: - Fed taper - Interest rate hike - Inflation - Growth decelerating
CRV broke to the upside of the Diamond Pattern. Was it a fake out? I will leave that decision to you as I am not a fortune teller :-) There is normally a 69% chance of a retracement. NFA.
The dollar index has gap down which is a huge sign of weakness. I would anticipate to fill this gap first and then look for sells on the USD pairs. Will post some potential setups. Happy trading #diamondbrotherscapital
If you saw my post about the dollar index I mentioned that I was looking for GU buys… Perfect 1:3 risk reward ratio risking 2% so I made 6%… My gold trade was a loser so currently up 4% for the day… If you could make 2% a day and compound your money by reinvesting 100% of your earnings, your on your way to being a millionaire. Happy trading #diamondbrotherscapital
Gold continues to move higher on the larger timeframe, its always best to follow the trend. Gold is currently moving lower approaching this area of demand. If you look at the dollar index, you can see that it may continue to get weaker. If that is the case than this will send XAU/USD to the upside. Nothing is certain so losses can occur but as long as your risk...
On the larger timeframes the dollar seems to be getting weak, but it’s currently on a smaller timeframe uptrend, so I’m expecting more weakness of the dollar index as it approaches this 4hr supply zone. Strongly looking at GBPUSD to go long once I see the dollar index reach this area. I will post GBPUSD chart analysis soon. Good luck! #diamondbrotherscapital
XRP/USD seems to be in a uptrend on the larger time frames and is approaching a nice supply area... I am in a long trade to the upside with a nice 1:3 risk reward ratio... Ultimately this is what its all about, it doesn't matter how much pips you make, what matters is your RRR. The sooner you understand that, the sooner you will be in profit. Happy trading!!...
GPB/NZD is in an uptrend on the longer timeframe, let price pull back for a cheaper value price, and then go down to lower timeframes and look for an entry to the upside... I will be sharing my exact entry, stop loss, and tp with my subscribers, cheers to a great trading week #DIAMONDBROTHERSCAPITAL
Is it diamond? It can be the diamond pattern actually, right after a huge dump (downtrend) It can bring us to the upward what do you think?
Hi all, I have noticed a really interesting formation on the 1H timeframe, which looks like Diamond Pattern and is a reversal pattern. From here we might see a move to the upside up to 52000. I wish you good trades and stay profitable!
We officially filled the gap on Friday, 12/17, because we had actually bounced off the moving average before we could fully fill it on Tuesday and Wednesday. Gaps on equities will fill about 80% of the time, and then the markets tend to reverse 80% of the time after a gap fills. We have gaps immediately above and below the market right now; I think that...
TF: 30 min Looks like a diamond has formed on the 30 min TF. A breakout of this structure is brewing
Diamonds have a future especially now that buyers are concerned with providence. The major swing that occurs from Oct 20 from the lows 37.40ish to the peak in Aug 21 is where I've taken my analysis from. It's a slow mover but consistent for a technical setup. Price has hit a 61.8 Fibonacci retracement of the major swing and price is now heading up. The 1st level...
Please like , share and comments , thank you!...Our "progression" are build on "constructive criticism".. Trade what we "see" not our expectation due to bias
Coin is supported by the 1h UBB with resistance at the 2h and Weekly 8 EMAs. This week includes the FOMC Dot Plot release, and Quad Witching. BTC lost momentum on Indonesia news.
trend lines shaped a diamond pattern that may have cause drop
Looking to touch 52K at golden fib finally before run up.