Homepage Forums Download Free PDF (ISO 9001, ISO 14001, ISO 45001) What do you know about the diamond pattern?

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    • #45464
      Peter Greene
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      I want to learn how to use a diamond pattern for techanalysis and work with this diagram. What do you advise?

    • #45472
      James Arnold
      Participant

      The reason for the rarity of the Diamond model lies in the fact that its formation takes quite a long time. At the same time, the uniqueness of the model requires label this as a reversal pattern https://fbs.com/analytics/tips/how-to-trade-diamond-chart-patterns-35386 It is formed, respectively, either at the top of an uptrend, speaking of its change to a downward one, or at the market bottom, indicating that the market’s fall will soon be replaced by growth. That is, the Diamond pattern can be either bullish or bearish, depending on the specific situation.

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