Diamond Pattern Proof

Updated

Dear Traders:

Among the different types of wave patterns, the Diamond pattern is one of the less studied and known cases. Hence, the Diamond pattern is a subject that is interesting for me!

First Diamond pattern proof:


Comparing the calculated target-1 (based on the proposed Diamond pattern) against Actual data revealed an excellent agreement with what happened. therefore, the first pattern was (exactly) a diamond pattern.

Target-1 =30200 $ (Actua) vs 31000 $ (Calculated)


Second Diamond pattern estimation:


Again (I think) the second pattern is a diamond pattern.

Target-2=32000 + H2 =44500 $

I welcome your comments.
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