On the Weekly Chart<the first wave of the higher level 1 of (3)formed, and a downward correction develops as the second wave 2 of 3. Now,the a of 2 has formed ,the wave B of 2 has ended,and the wave C of 2 is developing,within which the third wave of the lower level (iii) of C has formed,the correctional wave (IV) of C has ended,and the wave (V) of C is...
Diamond tops typically form at the end of an uptrend which makes them a powerful signal for a reversal. Usually, these patterns will look similar to an off-center head and shoulders pattern or a flattened double top pattern.
Traders identifying a potential diamond top will seek to draw trendlines around the pattern which form a diamond shape. The pattern must...
Diamond Top Reversal Signals
Diamond tops typically form at the end of an uptrend which makes them a powerful signal for a reversal. Usually, these patterns will look similar to an off-center head and shoulders pattern or a flattened double top pattern.
Traders identifying a potential diamond top will seek to draw trendlines around the pattern which form a...
