$FB Loading up in a Diamond Pattern!NASDAQ:FB
Meta had been consolidating for a few months in a diamond pattern, we do need to wait for confirmation on which way this will break but we should see good movement with volume either direction once the consolidation phase has ended.
Diamondpattern
USDCAD SHORTThe price in an uptrend, in its last attempt failed to record a new high, and this could be a warning for the return of the trend.
At the moment, the price seems to be forming a diamond pattern which is a return pattern.
If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.
USDJPY GEOMETRIC TRADING DIAMONDUSDJPY is trading a diamond pattern on its weekly chart.
The price has hit the 61.8% ab 119.261.
if trend continued to the upside the next target would be 123.459 100% ab
EURUSD GEOMETRIC TRADING (DIAMOND PATTERN)EURUSD is approaching his first target
TP1 1.10036 61.8% BA
EURUSD SIMPLE PRICE ACTION TECHNIQUE USING GEOMETRICWatch out for false breakouts and execute the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation.
If the pattern occurs at the tops or bottoms, it will be a reversal pattern.
Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations.
In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation.
In reversal formations, trade in the opposite direction of the prior trend.
Confirm breakouts and breakdowns by price-action.
Target: Continuation "Diamond" patterns provide excellent target criteria.
The prior range before "Diamond" formation is the target from the breakout or breakdown level.
In reversal formations, prior major swing highsllows are set as the targets.
Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
GBPJPY LONGIn my opinion, the price can reach higher levels.
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We can specify a more accurate entry point by going to the M1 time frame.
BYND may be tapping outI originally thought this was trading in a symmetrical triangle (month view). I discovered diamond patterns. It's making me go hmmmm... What do you think about this idea?
Diamond Patterns signal a reversal:
www.moneycontrol.com
USDCAD GEOMETRIC TRADING DIAMOND PATTERN USDCAD
IS forming a Diamond mid trend or top reversal on its minutes chart.
The price is trading the mid range of the diamond pattern at 50% 1.27506 AB.
The "Diamond" pattern is very reliable and consists of four-sided price action.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend.
It will present a continuation of the trend in the same direction prior to the formation.
If the pattern occurs at the tops or bottoms, it will be a reversal pattern.
Diamonds patterns can be trade both directions after the breakout levels.
If the diamond pattern breaks above 1.27832, them will be looking at TP1 1.28233 61.8% AB and TP2 1.28479 100% AB.
If breaks below 1.27186 them we will be looking to target the downside TP1 1.26791 61.8% BA and TP21.26544 100% BA
STPS will be placed above/below the high/low previous to the breakout.
SPX500 GEOMETRIC TRADING DIAMOND PATTERNSPX5OOUSD has formed a geometric pattern diamond top.
The price has broken the entry level 4427.7
TP1 4391.8 61.8% AB
TP2 4369.0 100% AB
TP3 4330.8 161.8% AB
STANDARD LITHIUM LTD -D1-DIAMOND !Looking at the DAILY picture, a "Diamond" pattern is in progress and is currently trying to upside breakout the downtrend resistance line of this bullish pattern.
Last but not least, the Kijun-Sen or Base line also coincides with the upside breakout level of this Diamond pattern, which if broken would also give, an additional
confirmation signal, calling for further upside.
TECHNICAL TARGET OF THIS DIAMOND PATTERN IS @ 9.52 or roughly the Daily top clouds resistance area !!!
WEEKLY (W1)
Weekly clouds hold and rejected, for the time being,several successive downside breakout !
A weekly closing above $ 7.03 would be very positive and would open the door for higher levels.
Next target being @ $ 7.66 ahead of the cluster @ $ 8.83 - $ 9.00
On my own account I would put in place a Risk Reward ratio of 1:3 !!!
Ironman8848. & Jean-Pierre Burki
ETH is forming diamonds bottom patternETH is consolidating and forming a potential Diamonds bottom pattern. Watch it closely.
Entry only at breakout
Don'f forget to set stoploss
Happy trading!!
GBPNZD TRADING THE DIAMOND PATTERN GBPNZD has formed a diamond pattern on its hourly chart.
Price is trading near the breakout level 2.05364
Watch out for false breakouts and enter the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation.
If the pattern occurs at the tops or bottoms, it will be a reversal pattern.
Diamond "tops" form more often than Diamond "bottoms."
Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations.
In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation.
In reversal formations, trade in the opposite direction of the prior trend.
Confirm breakouts and breakdowns by price-action.
Target: Continuation "Diamond" patterns provide excellent target criteria.
The prior range before "Diamond" formation is the target from the breakout or breakdown level.
In reversal formations, prior major swing highsllows are set as the targets.
Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
NASS100USD DIAMOND PATTERNby Constantino CM
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation.
If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms."
Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations.
In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation.
In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action.
Target: Continuation "Diamond" patterns provide excellent target criteria.
The prior range before "Diamond" formation is the target from the breakout or breakdown level.
In reversal formations, prior major swing highsllows are set as the targets.
Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
KLCI's "diamond" seem still on process of polishing. 26/Jan/22KLCI future index price movement seem still in ranging stage where its "diamond / triangle " shape haven't formed yet for its to "Shine"?!!!
NASS100USD DIAMOND PATTERNNASS100USD Has takeout the top of the Diamond at 15615.3
price is trading the low of the diamond at 15568.6
trade will be execute once price break the low of 15568.6 with a downtrend conformation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation.
If the pattern occurs at the tops or bottoms, it will be a reversal pattern.
Diamond "tops" form more often than Diamond "bottoms."
Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations.
In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation.
In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action.
Target: Continuation "Diamond" patterns provide excellent target criteria.
The prior range before "Diamond" formation is the target from the breakout or breakdown level.
In reversal formations, prior major swing highsllows are set as the targets.
Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
NASS100USD DIAMOND PATTERNWatch out for false brekouts and enter the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation.
If the pattern occurs at the tops or bottoms, it will be a reversal pattern.
Diamond "tops" form more often than Diamond "bottoms."
Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations.
In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation.
In reversal formations, trade in the opposite direction of the prior trend.
Confirm breakouts and breakdowns by price-action.
Target: Continuation "Diamond" patterns provide excellent target criteria.
The prior range before "Diamond" formation is the target from the breakout or breakdown level.
In reversal formations, prior major swing highsllows are set as the targets.
Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
Uber Diamond FormingIt appears we have a possible diamond forming on Uber.
Candidates to take it short to 35.92 are:
1.) Noya indicator showing buying pressure decreasing.
2.) If we get a spike in the US10Y (orange) watch for a quick pullback to the median at 35.92.
3.) We are reaching the other pitchfork trend and the median is back at around 35.92.
dxy sellDiamond pattern in DXY is broken, if we get second confirm signal we can sell.
TP1 96.00
TP2 95.900
TP3 95.800
What do u think ?
CRV DIAMOND PATTERNCRV 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.
EurChf buy DEBUNKED (Buy)Hello traders
Back with my diamond patterns. Today we will discuss about EurChf buy. Here we can see EurChf is in a diamond pattern with an embedded triangle. The triangle created 2 waves on the left side. An inverted small V-wave and a regular/larger V-wave. Clearly price is in the other half of the formation and now it looks like the first wave is completing(should be completed by end of the day or tomorrow. And the other wave is yet to form. From what I can see this is a 4hour time frame chart.
If you go for this trade you should aim to take profit on the top of the second wave and short it right away. *Do not increase your risk size, use same risk*!!
Good luck if you take this trade. This isn't a financial advice, just a guide and opportunity that has presented it self. Use sensible risk please!!
Good luck
follow me for more future analysis!!
Thank you
KLCI.A "diamond" is ONLY for the "eye of beholder".16/Dec/21Please like , share and comments , thank you!...Our "progression" are build on "constructive criticism".. Trade what we "see" not our expectation due to bias
NASDAQ100 DIAMOND TOP!NASDAQ showing a Diamond Top and with stocks such as APPLE going from $140-180 in record time maybe this DT pattern is valid.
Only time will tell, targets are shown on the charts.
Not Financial Advice.
