Diamondpattern
NAS - Back Testing the Diamond FiftySPX found support at the 2 hour LBB while NAS has lost the MBB. The Lower High off Nas' UBB resistance after the ATH prompted a short frame consolidation. Price has found the middle of the Diamond Range as we approach NFP eve.
Diamond Top Break to the Downside?I've successfully traded two smaller diamond formations in the past two weeks, one at the bottom of a local downtrend that broke to the upside and one at the top of a local uptrend that broke to the downside. These have been reliable on shorter time frames. Now it appears we've formed a much larger diamond top here after our weeks-long uptrend. My bias is for this to break to the downside, simply because the smaller patterns have shown reliability for me. It's certainly possible we could break up - but I've closed long positions and placed buy orders at likely targets near 40k and 44k.
BTC - The Game of Patterns - Twin Diamond FiftyBTC has found the fifty of the 2nd Diamond Pattern as price has lost the 2 hour MBB. Support was found at the lower Diamond Bound convergent with the 2 hour LBB. BTC needs to overthrow 48725 to break the LL-LH-LL-LH pattern
BTC - in 3D - EQPrice has returned to the 2 Hour Diamond Fifty. The Daily Doji has support a the Daily 8 EMA.
BTC -The Game of Patterns - Diamond BTC found Resistance at the 2 Hour MBB as price continues to compress.
BNB Usdt AnalysisI indicated the formation targets on the chart.
p.s Note: This not investment advice.
Bitcoin Diamond Top Or ContinuationThe diamond chart pattern can signal a bullish or a bearish reversal or continuation of an existing trend. It represents a temporary battle between buyers and sellers.
Possible short term bearish diamond reversal on SPXThere is what appears to be a diamond reversal setting up on the 15m SPX500 chart.
The image on the left shows the outline of the diamond reversal.
The lines I drew on the chart outline the form which appears to be taking place.
#watchout
BTC diamond#BTCUSDT
$BTC broke out and closed daily above long term support line. price may continue its uptrend to $45k and even $48k.
but I see a diamond pattern that may reverse the trend. $39500 is a support that if broken #BTC price can drop to $30k again.
USDCHF H4 TIMEFRAME ANALYSIS (BUY)Both the Diamond pattern or setup and the head and shoulder pattern or setup are major reversal setups. Therefore in this analysis we have a combined reversal setup both happening together. This indicates that we are ready to move into a strong bullish trend. In this usdchf outlook We set our long orders above the current price expecting the trend reversal soon. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.Thank you for following Newjerusalemforex on tradingview.
Ethereum recent chart patternsAn expansion on my previous post.
A look at some of ethereums recent chart patterns performed.
For now, we await for the diamond pattern to play out and watch for a retest of support or resistance when the breakout occurs.
If it breaks down we will likley experience support at the 0.382 fib.
Otherwise we will likley have resitance at the 0.5 fib which is slightly below the breakouts technical target.
Momentum is starting to shift positive which indicates that the bullish scenario will play out. However, anything can happen.
As always it is important to watch for a retest for the breakout to confirm that it is not a "fake out".
BTC - Potential Demand ZonePrice is finding the Diamond Downslope as support. The lower wicks suggest a potential demand zone, where buyers are accumulating. In the middle of the range, more info needed.
Diamond Midline Back TestThe Diamond Pattern - full of false starts and fake-outs can serve as both a continuation and reversal pattern. Volume on the breaks has been solid.
BTC Short, Fomo guy will be hurtThis is not yet an ascending triangle, we have to draw a line from the higher high to the higher low correctly, but there is a slope angle, so we have to look for a second supporting pattern, after we draw it there is a diamond pattern, meaning this confirms that the market will move down, if the price touches the Fibonacci area 0.5 / 35098$ the fomo guy thinks this is a bulltrap they will sell massively until it touches the 0.618 / 33725$ area before the reversal
BTC - Diamond Pattern BreakAdded the backtest into what looks like a potential bull flag. The target is symbolized by the yellow ruler. The first check point would be the .214, adding fuel to the confirmation.
The Crash of 29' - The First Diamond - in 3DThe Diamond Pattern can cause havoc in a trading day. The sharp reversals and reversion to the midline; then onto the continuation or consolidation. Here is our very first diamond, which has echoed through-out the system since. A perfect diamond - a most unholy grail.
Kitex - Strong breakout; Diamond pattern - Positional trade!Kitex can give 65-70% returns in coming weeks.
Channel breakout and Diamond pattern breakout as well with huge volumes.
DIA SPOT TRADING INCREASE TRENDHello trading friends,
Depending on DIA it looks we can meet a new increase trend with a possible 100% increase - it's also a Spot coin.
Manage the risk with a max of 2%.
This chart depending on the price history of trade as you can see in the chart.
# this coin can be a long-term investment, so don't expect a fast move.
Have a good time.
NAS - Technical CorrectionThe bounce is taking a bit longer to develop - watching for a break of 14671 to the high of day. Found CNBC struggling to find a 'reason' for this minor move to the downside after a great run. It's the 10 year or Delta or the Olympics..or maybe just maybe..simple profit taking after the Fed minutes? The 2 hour 8 EMA is above and will offer a first test for the bulls.
Diamond Bottom on BTC - Reversal NearThe chart shows the potential of a reversal pattern. A diamond bottom may indicate a steady downtrend ready to reverse.
KLCI Future Index possible diamond/bullish triangle. 9 June 21KLCI future index price "stalled" at around daily 200 EMA / demand zone and trend line forming a bullish diamond / triangle pattern
AUDUSDLooks like AUDUSD is completing a continuation pattern to reach the upper line of the channel. minimum target is shown on chart.
