FCX has formed and confirmed the break down of a Diamond Top pattern and looks to be preparing to come down to around $14, which would align with the 0.786 Fibonacci Retrace. I suspect many other mining stocks will also go down pretty significantly with this.
The twins big similarity. Nice diamond top You can to see there : www.centralcharts.com Tips
Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the...
This pattern on TSLA fits the outline for a diamond reversal that is referenced on Investopedia. It has all the "classical" facets of a diamond reversal which is a high (A), a low (C) a higher-high. Furthermore, this is happening alongside a very similar pattern on NFLX and some bearish patterns on many other stocks. Similar forms also occurred on SPX in...
Chaikin Money Flow oscillator hidden divergence suggests price action has peaked at supply zone. H4 Overbought. Price trapped by throwing-over diamond top chart pattern by overnight but printing lower high, validating wave (ii). Expecting a profitable impulsive swing downward towards 14.6% Fibonacci retracement level amid 27970, completing wave (iii) @ local...
AUDUSD has formed a geometric diamond top pattern on its hourly chart. The Price Is trading above the Breakout: 0.66037. Stop Mid: 0.66214. Targets: 62%: 0.65822 79%: 0.65764 127%: 0.65592 162%: 0.65471
SPY has a rare diamond top set up on the 24hr chart. This has a fairly high rate of reversal however we need confirmation of the trend line break down first
BTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete. Fisher Transform suggests the direction of the price action in 2H and 1D...
The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support...
SInce Reversing at the PCZ of a Bearish Shark WFC has formed a very clear and defined Diamond Structure. I believe that this week we will confirmed a Bearish Breakdown of Structure and the Moving Averages in which that should mark the start of a Volatile Decline to around $20 or even lower.
Markets bounced strong today... but will Tsla join or be the one to take the hit so the other stocks can run? TSLA had a Rough Day I'll Keep this simple.. Here are my thoughts on Distribution Schematic: 114% Bull Run in 1 Month - Mainly Short-Squeeze Move We could see one more move up in a Wyckoff fashion - this will burn the $200 call options along with all the...
Let's see how this turns out. Highly manipulated ATM, on the macro I'm bearish. Currently, however, a FOMO pump to 22.8K may be in the cards before this thing goes back to structure & back to bed. Be safe, be strong, be wise :) **If you have patience, strong hands, and like scoring wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired...
A bit of diversity is good for everyone. Gold Rush is good. Diamond Rush will be more insane. if you want to diversify. Buy Diamonds now, sell before 300$. Thanks me later. The Best predicitons are when u Detect the Push before the Rush ! not when is too late to enter. Happy Tr4Ding !
XRP 15 min showing a very prominent Ascending wedge and currently forming a diamond top, Could see a breakdown to about .48 when looking at the Fibonacci retracement.
Spy is in process of creating a mega diamond top or head and shoulders. Consider waiting for each rally to complete and enter short for the next two years.
A diamond top is often times more likely than a continuation diamond but when you’re on as small a time frame as the 3 hour the exception tends to happen way more often than on longer time frames meaning all bets are off on which way its going to break until it confirms.
Diamond top pattern is forming for LUNA. After three days of consolidation, LUNA will make a clearer move in the next hours. Reversal or continuation? It depends on which side that LUNA will break this diamond pattern. In this context where both BTC and Stock are going down, I think that possibly LUNA will do a leg down. Let patiently wait & see.
This is an update to a previous idea I've been mooting. This is a deeper dive and follows up with some additional charts. Firstly, an introduction. The bearish diamond reversal is a vary rare technical analysis form. Diamond forms form either bottoms or tops, depending upon relative positioning and are relatively concrete signs of imminent reversals. The...