For the 48% of patterns which breakout upward, 81% of them act as continuations of the prevailing price trend. Those continuations tend to outperform reversals with gains averaging 42% versus 35%, respectively.
hit the afterburner, if btc keeps this up, the markets are looking hott
Is this a coinciding bullish pattern?? or could the diamond signify a half staff downward continuation pattern?
This diamond was hard to spot. But notice this diamond bottom also shows a U-shaped volume pattern!!! "Diamonds with short-term (less than three months) or intermediate-term (three to six months) price trends leading to the diamond perform best, depending on market condition and breakout direction."-- Thomas Bulkowski