A diamond reversal is when a broadening wedge turns into a symmetrical triangle. I suggest googling it since it is rather rare.
I am not an expert, but if you do some research as to what these usually look like... we might have one here.
This being on the daily timeframe means the reversal could be a strong one.
Look for a close above the upper right resistance line of the diamond.
Fingers crossed
I am not an expert, but if you do some research as to what these usually look like... we might have one here.
This being on the daily timeframe means the reversal could be a strong one.
Look for a close above the upper right resistance line of the diamond.
Fingers crossed
Note
Sorry, I meant "when a broadening PATTERN turns into a symmetrical triangle"... not wedgeNote
We are looking good! Follow for updatesNote
Hope y’all made some money off this diamond bottom!!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.