Netflix Bull getting tired ? I notice either Head and Shoulder or Diamond formation in NetFlix chart.
Sign of reversal ?
Diamondpattern
OMEX Long Opportunity Diamond/Cloud Breakout/Vol MovAvgExp CrossI have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas.
Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on the daily. Diamond pattern. Bull Flag. Bam! Highly manipulated at this level but the TA says what the TA says. It is also trading above long term price on volume. Check it out!
Volume could definitely move this.
Lydall Inc diamond patternOver a monthly scale we can clearly distinguish a head and shoulder pattern, and combined with the daily view I've noticed a diamond formation near the completion of the head and shoulder, I'm now waiting for a clear confirmation to take any action. So let's wait
Shine on you diamonds - GER30~ Hourly diamond formation on the german DAX. The daily trend is upwards, climbing to the top of a canal. I will wait for the breakout though as any good trader would, and would indicatively state 11960 as a target if bull breakout, and 11540 if bearish breakout.
Cheers ;)
Diamond Top Pattern on DASH/USDT (Poloniex exchange)Pattern highlighted with traditional target from breakout.
Target is the distance of the reaction high (regional all time high) to reaction low within the diamond pattern, subtracted from the breakout of the pattern.
Reliable pattern???...Idea to chew on...Short..Please don't trade because i'm not sure Make your own analyse about this one..But I will give this idea to chew on..Short ...Big divergence on the MACD ...Diamond pattern (Reliable?)...Cross lines MACD..Bounce at MA50..Engulfing candlestick in progress?bear engulfing candle on the weekly chart...Market will sloooow down around New Year i guess....Good luck
