DXY next week... A diamond pattern in the making? I think Yes!!!
Definition:
Diamond Pattern
A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
https://thumbs.dreamstime.com/z/bar-financial-data-graph-forex-stock-crypto-currency-trading-pattern-indicator-trade-finance-vector-illustration-119229815.jpg
Definition:
Diamond Pattern
A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
https://thumbs.dreamstime.com/z/bar-financial-data-graph-forex-stock-crypto-currency-trading-pattern-indicator-trade-finance-vector-illustration-119229815.jpg
Trade active
Diamond pattern formed and broke to the down side as predicted :D
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Related publications
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.