The price created a falling wedge on the daily timeframe and had a nice breakout from it and from the weekly resistance (21.20$) On the daily timeframe, the price is creating a diamond pattern after a rejection form the 22.25$ How to approach? For a long scenario, the price needs to have a breakout from the Diamond pattern and 4h resistance and retest it as new...
The diamond pattern at the top is a bearish pattern but still, watch for its upward breakout. And aim for $4 at the upward breakout.
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
One of my best trade setups. The Diamond Top pattern played out perfectly and hit my target of $2.90. Mina is currently trying to break through FIB 0.382 as Resistance at $3.61 on the Daily. 4 hour it has broke and trying to claim as support. Very happy with how the chart is holding up. Not Financial Advice.
LUNA has just started to break to the downside from a DIAMOND TOP pattern. Target buy zone for me is $35-40, this also lines up with my long term trendline in a rising channel. This chart shows how nice it is to catch a DIAMOND TOP. You can see the VOLUME CANDLE and the pump and dump manipulation to create the pattern as shown by the arrows. Not Financial Advice!
trend lines shaped a diamond pattern that may have cause drop
The good news on omicron treatment efficacy resulted in the celebration, and covering, to the upside. The symmetry of supply and demand from Coinbase's All-Time High to its Higher Low begins the next phase, as the world turns focus to inflation.
Looking to touch 52K at golden fib finally before run up.
Coin has seen consolidation along with BTC and has 4h resistance at the 8 EMA and Daily support at the LBB.
The Euro had a bit of a rally on Friday however the United states dollar showed sudden pressure on the Euro mid day during US session. This sideways action has formed a clear bearish diamond on the 4H / 240 time frame. Im expecting EUR/USD will test lower support levels next week. The favorable support is 1.1500, we shall see next week but keep an eye on this...
Supported by the 2 hour MBB and testing, price formed a Diamond at the top of a range. Diamonds serve as both continuation and reversal patterns.
BTC is potentially forming a Diamond Top pattern which normally looks similar to a Head and Shoulders pattern. Either pattern could be in play, with a target of $35,000-38,000. If it plays out could be a great short opportunity. Let me no your thoughts. Safe trading.
LMT is printing, and about to complete a MASSIVE diamond top after an 8 year nearly parabolic uptrend netting it over 350% or $345. The pattern suggests an implied move of about -44% for the symmetrical triangle if it breaks down, and -57% or roughly -$200 for the diamond top. If Tradingview's Fixed range indicator was working I'd have some volume analysis for...
False selling better to catch the falling knife from his handle I can anticipate this is the right handle to take it. Happy trading.
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...
We have bearish divergence and RSI and MACD so my bias is to the downside.
diamond top to tis years lows to 32.50 to 33.50 range. first sign that pattern will break is swing high not reaching pattern trendline we can confirm that tis is swing high from oscillators both are pointing down.