Possible BEARISH DIAMOND TOP.
There are a lot of ambiguous signs in the chart data right now, there's a VERY STRONG CHANCE that BTC breaks this BULLISH (as it could be an INVERSE HEAD and SHOULDERS).
We've already gotten our re trace to the 21 DEMA, either we're coming down for an entry opportunity, or we're about to SMASH through the $20K level.
What are...
Shine bright like a diamond
Shine bright like a diamond
Find light in the beautiful sea(all time high right now), I choose to be happy (full in euphoria )
You and I, you and I, we're like diamonds in the sky oh oh oh oh oh
You're a shooting star I see, a vision of ecstasy!!!!!!!!
When you hold me, I'm alive oh oh oh oh
We're like diamonds in the...
NASDAQ:TSLA
TSLA so far throughout the day has been moving in a range with bearish sentiment. My only explanation for this is that there has been a lot of sector rotation going on this week so far from tech to other sectors such as energy, industrials, and financials, . Just take a look at $DIA, $XLF, $XLE, and $XLI. In addition to this rotation, a diamond top...
This double top formation on the daily chart of EUR/CAD offers both an upside and a downside breakout trading opportunities. The pattern's borders are shown with the yellow lines. My potential entry levels are at the cyan line. My potential take-profit levels are at the green lines. I will use the middle of the diamond top as my stop-loss level.
Potential diamond topping pattern on the Bitcoin 1-hour chart. Was expecting a run to $9,350 and a slight pullback this week and now it appears as though we may get the pullback going into the weekly close tomorrow. Level of support I'm watching for on any decline is $8,900(red line), as long as price remains above that level the trend should remain up.
Spotify is showing mixed signals with the formation of a diamond top which is indicative of a bearish reversal, evident on the chart. Also, formation of an island top which are a quite reliable bearish reversal chart pattern. The uncertainty in this chart may be evident to investors which choose to capitalise on this or sit out.
Personally I use Spotify myself..
JD has formed a falling wedge, which has sparked a bull run leading to the formation of a diamond top with a double Adam structure, consequently this top created a bearish run pushing the price down to ~ $19, since then a bearish ascending wedge has formed, this may induce a movement similar to that before the falling wedge, indicated by purple fractal. Some...
Diamond top formed on CADJPY, bulls have run out of steam. We have also hit the up-channel oblique resistance as well as the weekly sideways resistance for a nice double top. SHORT>
(excuse the messy chart)
Diamonds tend to be associated with reversals. This one formed at a prior POC region at a pitchfork median.
Watching for lower lows and lower highs to justify an entry short. No trade yet.
BA SHowing on the weekly defined diamond pattern, I believe most likely a diamond top. See link for example. static-news.moneycontrol.com General rule for trading diamonds are the first target on breakout is equal to the size of the diamond. My first target for BA breakout down from this diamond would be around 247 area, but could go lower for uptrend support...
lookin' like we have hit our smaller continuation diamond target but not yet reached the 10.6k range to hit our larger diamond top target yet. We can see price is currently finding support exactly on the 2hr 200ma. Recently had a 1hr deathcross and that coupled with the ETF delay FUD is probably just enough of an excuse to send prices back down...our 3 day 50ma...
A big red candle has taken us well below the diamond pattern and just under the 4hr 50ma where it is currently retesting and finding resistance....if that resistance solidifies and continues to maintain resistance then we are most likely confirming the pattern as a diamond top in which case its breakdown target is 10628. This may only be the beginning of the...
Hey guys, the diamond-top seems invalidated, which is of course bullish, I would still wait until the R2-W breaks until I get any NEW long-positions. Significant pull-back area would be between $12.2 and $12.3k, if there is no rejection happening the way to $13k should be free.
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Warm regards,
Neru
During the day a new pattern, that is considered bearish has come into play and possibly marking a high, a diamond-top. Also taking into consideration, that we have developed a bearish ascending wedge, it becomes more likely that we have seen a local high now. Possible targets for this are not $8k .... those are $10.7 and $10k, where we would have to look at the...
