The diamond chart pattern is a technique used by traders to spot
potential reversals and make profitable trading decisions. Diamond
patterns often emerging provide clues about future market movements.
In a diamond pattern, the price action carves out a symmetrical shape
that resembles a diamond. This occurs as buyers and sellers battle for
control, getting squeezed into an ever-tightening range. The tension
builds beneath the surface until one group ultimately breaks the
stalemate.
potential reversals and make profitable trading decisions. Diamond
patterns often emerging provide clues about future market movements.
In a diamond pattern, the price action carves out a symmetrical shape
that resembles a diamond. This occurs as buyers and sellers battle for
control, getting squeezed into an ever-tightening range. The tension
builds beneath the surface until one group ultimately breaks the
stalemate.
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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.