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Diamondpattern

Shine bright like a DIAMONDA diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Often to be mistaken as an upcoming Head and shoulder formation. There are a lot of similar Diamond pattern on others charts right now. Usually, diamond pattern use to work out quite often. Let´s see how it will play out. (Personally, I think there is a lot irregularities going on with xrp but scam like tether etc doesn´t stop others anyway....) My affiliates: Binance www.binance.com
BITSTAMP:XRPUSD
by ttk100
3
DE30 Diamon & Double top - MACD & RSI DivergencySeveral 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 to go long here as well as some short quick profits in case it doesnt breakt the diamond pattern - If we see double top breakout this will trigger the diamond pattern and flag breakout on the daily aiming for a long short with nice risk reward
OANDA:DE30EURShort
by Hybriss
CAD/CHF BUY SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation. Type: DAy-Swingtrade Market Buy: 0,68800 Stop-loss: 0,67450 Target 1: 0,70200 Target 2: 0,71325 Target 3: 0,72185 Stop-Loss: 135 pips Risk: 1-2% Risk-Reward: 2,5 Notice: Waiting for breakout to buy the retest! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
2
Bearish Diamond Formation in Parallel ChannelThe diamond top occurs mostly at the top of considerable uptrends. It effectively signals impending shortfalls and retracements with relative accuracy and ease. The diamond top formation is established by first isolating an off-center head-and-shoulders formation and applying trendlines dependent on the subsequent peaks and troughs. It gets its name from the fact that the pattern bears a striking resemblance to a four-sided diamond.
OANDA:XAUUSDShort
by UnknownUnicorn4762443
5
Diamond Continuation Pattern| Low volume| Bullish Continuation?Hello Traders, Today’s chart update will on BTC’s immediate projection- we have a probable diamond formation which serves as a bullish continuation pattern. Points to consider - Trend travelling into apex - .382 Fibonacci as local support - RSI respecting trend - Stochastics in lower regions - Volume declining - VPVR area being tested BTC is closing in on its apex signalling a break from this formation is imminent as local support and resistances converge. Local support is the .382 Fibonacci; BTC has been respecting this level as buy pressure is evident. The RSI is respecting its trend line, must hold for a bullish bias as this is in confluence with the stochastics being in lower regions. It can stay trading there for an extended period of time, however lots of stored momentum to the upside. Volume is clearly declining; increase is highly probable upon breaking out of the Diamond formation. The VPVR confirms the .382 being a strong trade location for buy pressure. Overall, in my opinion, a break bullish is probable as the Diamond Pattern serves as a bullish continuation pattern. BTC may have one more leg up before a proper correction as this trend is getting more extended. What are your thoughts? Please leave a like and comment, And remember, “The big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
BYBIT:BTCUSD.P
by The_Alchemist_Trader_
4
BTC (Y20.P1.E5).MACRO.Trend.ForecastHi all, ** Note: This POST is only about the MACRO level. > After looking at the bottom and drawing some trend lines, it occurred to me that we possibly have a "DIAMOND reversal trend" , at the Macro level. > Beyond what most have have accepted and pretty much confirmed is that a inv. H&S took place, which is not the whole story. > FYI I define inv. H&S as a Micro or Medium level move (just to make sure my language is with consistent meaning). Below are some of my observations\hypothesis and the rest I leave to you to come up with your conclusions. Enjoy. Please give a thumbs up or a like if you agree or just appreciate the effort. Regards, S.Sari /CryptoProspa I'll just put in the micro level observations to give a case for the "DIAMOND bottom formation" At the big structure level, what we had in 2019 was a continuation pattern. A big year next year and on-wards? (note red vertical line represents BTC halving time line) Also not key details about macro fib. levels and their confluences. I like this MA, which does a good representation of the segment from bearish to bullish indicator. The RSI also has some points on supporting the bullish thesis on the daily and weekly which I wont go into. My thoughts at the MEDIUM LEVEL with a DIAMON support structure Supporting this post, is the PREVIOUS POST and the explanations to go with it for bottom channel trend
BITSTAMP:BTCUSDLong
by ssari
CADCHF - Diamonds are a girl's best friendCarol Channing was singing this already in 1957. Usually this pattern means reversal and that's what I'll be tracking in the beginning of 2020 - until the end of this year there may be just fakeouts with all the holidays in place. After a clearly defined direction there's an opportunity for basket of pips. As charted, I'll offload some parts of position at marked areas. So just on radar for the time being. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Long
by rludvik