KLCI may form a diamond/contracting triangle. 12/Oct/21KLCI index price still in ranging and price may form a diamond/contracting triangle pattern before breakout for resuming uptrend..
Diamondpattern
BTC - Short Framed Diamond PatternSimilar to the last pennant break as price found the .764 of the 64.9 to 28.8 retracement and reversed, setting up a Diamond pattern.
BTC - Gains the Golden PocketPrice found the 76.4% level of the .65 to .764 channel (64.9 -28.6 retracement). Watching for the strength of the consolidation, particularly if price can hold the .65 in the event it returns for a back-test.
NASDAQ - The Game of Patterns - Q4 BeginsNASDAQ ends the week with a Diamond Pattern, after the iH&S broke the LH-LL 4 hour pattern.
ATOM diamond pattern#ATOMUSDT
$ATOM completed the AB=CD pattern as I shared before.
now price needs a correction, so I think #ATOM is trading inside a diamond pattern which is a reversal and as you can see included 2 parallel channels.
price broke out from middle line of descending channel, but it seems that the middle line of ascending channel have strong resistance. although price may have go up to touch the upper line of descending channel that is the same as middle line of ascending one,, then a slow and boring down trend to lower line of descending channel, to touch the 0.5 or 0.618 fib level of last swing high.
BTC IDEA 2BTC has a few scenarios, this is my 2nd chart for analysis.
1. Bull Flag
2. Broadening Wedge
3. Diamond Top
4. Head and Shoulders
5. ABC Corrective Elliot Wave
I think BTC is going for the higher low at $49,500 then into the corrective wave down to $38,000. I am bearish short/medium term, bullish long term.
This is NFA and for educational purposes only. DYOR.
Safe trading.
BTC - Daily Dash Board - Time for Time Away as the Diamond movesThis is the reference chart for the 3D charts provided previously. The reaction to the midline pops out as the larger Daily Diamond has come into focus. Diamonds are volatility machines, designed for fake-outs and dramatic reversals. Conventional wisdom suggests waiting for a clear break and backtest of the Dart boundaries for a play. Time to take some time away and let the range work itself out.
BTC DIAMOND TOP PLAYING OUT!BTC Diamond Top is in play, a bull flag is being formed which would take the price to $51,000-52,000.
We would then look for BTC to make a break down to complete the Diamond Top pattern, target is $35,000-38,000.
I will keep you updated with how it plays out.
Safe trading.
BTC - In 3D - Diamond to the Weekly 8 EMATesting the Weekly 8 EMA support as BTC looks for a Higher Low. The 2 hour frame shows a Confirmed Inverse H&S that met quick resistance at the 2 hour MBB.
Hourly Bullish Divergence at PCZ of Bullish SharkWe got a Bullish Divergence on the two hour at the pcz of a Bullish Shark inside of a diamond pattern.
SHOP.... drop? ($1300)So I posted an idea about BYND that involves this diamond pattern that I discovered. I checked in on SHOP and it too appears to have that diamond pattern. If this diamond pattern plays out, SHOP can drop down to $1300-$1250. I was skeptical, but then I hear news about increasing competition in the news. I'm interested in what you see.
NAS - Back Testing the Diamond FiftySPX found support at the 2 hour LBB while NAS has lost the MBB. The Lower High off Nas' UBB resistance after the ATH prompted a short frame consolidation. Price has found the middle of the Diamond Range as we approach NFP eve.
Diamond Top Break to the Downside?I've successfully traded two smaller diamond formations in the past two weeks, one at the bottom of a local downtrend that broke to the upside and one at the top of a local uptrend that broke to the downside. These have been reliable on shorter time frames. Now it appears we've formed a much larger diamond top here after our weeks-long uptrend. My bias is for this to break to the downside, simply because the smaller patterns have shown reliability for me. It's certainly possible we could break up - but I've closed long positions and placed buy orders at likely targets near 40k and 44k.
BTC - The Game of Patterns - Twin Diamond FiftyBTC has found the fifty of the 2nd Diamond Pattern as price has lost the 2 hour MBB. Support was found at the lower Diamond Bound convergent with the 2 hour LBB. BTC needs to overthrow 48725 to break the LL-LH-LL-LH pattern
BTC - in 3D - EQPrice has returned to the 2 Hour Diamond Fifty. The Daily Doji has support a the Daily 8 EMA.
BTC -The Game of Patterns - Diamond BTC found Resistance at the 2 Hour MBB as price continues to compress.
BNB Usdt AnalysisI indicated the formation targets on the chart.
p.s Note: This not investment advice.
Bitcoin Diamond Top Or ContinuationThe diamond chart pattern can signal a bullish or a bearish reversal or continuation of an existing trend. It represents a temporary battle between buyers and sellers.
Possible short term bearish diamond reversal on SPXThere is what appears to be a diamond reversal setting up on the 15m SPX500 chart.
The image on the left shows the outline of the diamond reversal.
The lines I drew on the chart outline the form which appears to be taking place.
#watchout
BTC diamond#BTCUSDT
$BTC broke out and closed daily above long term support line. price may continue its uptrend to $45k and even $48k.
but I see a diamond pattern that may reverse the trend. $39500 is a support that if broken #BTC price can drop to $30k again.
USDCHF H4 TIMEFRAME ANALYSIS (BUY)Both the Diamond pattern or setup and the head and shoulder pattern or setup are major reversal setups. Therefore in this analysis we have a combined reversal setup both happening together. This indicates that we are ready to move into a strong bullish trend. In this usdchf outlook We set our long orders above the current price expecting the trend reversal soon. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.Thank you for following Newjerusalemforex on tradingview.
Ethereum recent chart patternsAn expansion on my previous post.
A look at some of ethereums recent chart patterns performed.
For now, we await for the diamond pattern to play out and watch for a retest of support or resistance when the breakout occurs.
If it breaks down we will likley experience support at the 0.382 fib.
Otherwise we will likley have resitance at the 0.5 fib which is slightly below the breakouts technical target.
Momentum is starting to shift positive which indicates that the bullish scenario will play out. However, anything can happen.
As always it is important to watch for a retest for the breakout to confirm that it is not a "fake out".
