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UUS100 CFD
Long

Diamond pattern round 2?

By tsmith87
Updated
Larger diamond pattern forming after the July pattern played out and hit target. Strong bullish divergence on the larger time frames, bounce off the .618, and RSI trend break and backtest (similar to July/Aug run) looks pretty good. Could come back to test the support line before continuing
Note
Weekly RSI fell below, not a good sign. Still holding lower trendline adjusted to the Oct 31 wick for now
Note
HIgher low here so could still be in play
Trade active
snapshot
Looking good for potential break out here. Do we see golden pocket retrace?
Chart PatternsdiamonddiamondpatternTechnical IndicatorsNASDAQ 100 CFDnasdaqreversalTrend Analysis
tsmith87

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