Dow "Diamonds" Jones is Forming Something Special
I do not believe that I have seen such a sequence of diamond patterns, such that, they form an inception diamond top (i.e. a diamond top within a diamond top).
Moreover, the diamond bottom pattern is an even more bearish sign than the diamond top. Maybe all the bearishness cancels out and the Dow rips higher.
More likely though, this will end in a violent selloff.
-ArizonaDiamondPigs
DJI
CURRENCYCOM:US30
Moreover, the diamond bottom pattern is an even more bearish sign than the diamond top. Maybe all the bearishness cancels out and the Dow rips higher.
More likely though, this will end in a violent selloff.
-ArizonaDiamondPigs
DJICURRENCYCOM:US30
Trade active
Looks like the big diamond broke today.. should see a continuation down tomorrow.
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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.