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Diamonds

ICPUSDT is creating a diamond patternThe 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 support. Otherwise, if the Diamond pattern is confirmed, we could see a retracement on 0.618 Fibonacci level for new liquidity and a new bullish impulse. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
14
AUDJPY USING GEOMETRIC TRADING (DIAMOND)Watch out for false breakouts and execute the trade with a trend confirmation by Constantino The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
by TradeChartPatternsLikeThePros
9
GBPJPY GEOMETRIC TRADING (DIAMOND PATTERN)pay attention to fake-outs diamonds are good at it, and always execute the trade after the breakout with confirmed trend don't be a dick for few pips The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
by TradeChartPatternsLikeThePros
EURUSD GEOMETRIC TRADING (DIAMOND PATTERN)EURUSD has formed a diamond pattern on it hourly chart price has fail to go above 1.11824 diamond pattern are only valid when price closes above below the breakout levels with confirmed trend by Constantino The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
by TradeChartPatternsLikeThePros
XAUUSD TREND SHOULD PICKUP AT ANY TIMEXAUUSD Is trading a symmetrical triangle on its daily chart currently price is squeezing between 1853.943 and 1753.070 on its mid range 1798.000 symmetrical triangles are only valid when prices closes above below breakout levels also on a daily chart we can see a geometric pattern diamond, diamonds pattern can be found in topsbottoms or in a mid trend, i like to see a breakout of top or bottom so i can set my sl entry and targets point
OANDA:XAUUSD
by TradeChartPatternsLikeThePros
AUDCAD GEOMETRIC TRADING (DIAMOND PATTERN )pay attention to fake-outs diamonds are good at it, and always execute the trade after the breakout with confirmed trend don't be a dick for few pips by Constantino CM The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
by TradeChartPatternsLikeThePros
2
US30USD HAS FOUND THE BOTTOM?WILL GET ADVANTAGE OF THE DIAMOND PATTERN LETS SEE HOW FAR IT GOOES by Constantino CM The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
OANDA:US30USDLong
by TradeChartPatternsLikeThePros
$DIA — Market Forecast 12/18/21We officially filled the gap on Friday, 12/17, because we had actually bounced off the moving average before we could fully fill it on Tuesday and Wednesday. Gaps on equities will fill about 80% of the time, and then the markets tend to reverse 80% of the time after a gap fills. We have gaps immediately above and below the market right now; I think that we'll see another drop with the continuation of this downside momentum before the possibility of a bounce in an attempt to fill that upside gap — I don’t think it will fill right away, but keep your eyes on it. I have been very accurate with the market forecasts that I send to my clients every weekend, so here are my thoughts on a few of the indices...
AMEX:DIA
by OptionsAddicts