Potential Diamond Top
Invalidated with a close above 284
Great risk/reward area here
Diamond tops are infrequent but are like the Head and Shoulders pattern little brother
The peaks are higher on the left & the troughs are lower on the right.
You can see that in the RSI negative divergence too
Then the trendlines form together in a shape of a diamond💎
Invalidated with a close above 284
Great risk/reward area here
Diamond tops are infrequent but are like the Head and Shoulders pattern little brother
The peaks are higher on the left & the troughs are lower on the right.
You can see that in the RSI negative divergence too
Then the trendlines form together in a shape of a diamond💎
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.
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.