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Diamond

One way only?1h bullish Diamond pattern. The volume is coming. Wait for volume confirmation and close on 4h or use Stop Loss. Top around 40400. It's time to move on? Diamond Pattern In a diamond chart pattern, this occurs at the lower right part of the bearish diamond formation and the higher right part of the bullish diamond formation. Diamond Pattern Stop Loss It is essential to always place a stop loss whenever you trade the diamond pattern. The ideal stop loss positioning should be above the final peek inside the diamond for the bearish diamond formation. And below the final low inside the diamond for the bullish diamond formation. _ Published for educational, inspirational, or idea-sharing purposes. Not financial advice!
BITSTAMP:BTCUSDLong
by thinkerdoertalker
2
ICPUSDT is creating a diamond patternThe price created a falling wedge on the daily timeframe and had a nice breakout from it and from the weekly resistance (21.20$) On the daily timeframe, the price is creating a diamond pattern after a rejection form the 22.25$ How to approach? For a long scenario, the price needs to have a breakout from the Diamond pattern and 4h resistance and retest it as new support. Otherwise, if the Diamond pattern is confirmed, we could see a retracement on 0.618 Fibonacci level for new liquidity and a new bullish impulse. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
14
EURUSD SIMPLE PRICE ACTION TECHNIQUE USING GEOMETRICWatch out for false breakouts and execute the trade with a trend confirmation The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
Long
by TradeChartPatternsLikeThePros
USDC hitsThe circulation of USDC has more than doubled since the original deal was announced, reaching $52.7 billion as of the above date. Jeremy Allaire, Circle’s co-founder and CEO expressed optimism about the new partnership. He was targeting a public listing through the above merger with an SPAC (special purpose acquisition company), which would augment trust and confidence in Circle. He commented: Circle has made massive strides toward transforming the global economic system through the power of digital currencies and the open internet. This is a critical milestone as we continue our mission to build a more inclusive financial ecosystem. Making this journey with Concord under our new agreement is a strategic accelerator. Initially, the plan was to conclude the new agreement on December 8, 2022 with the potential to extend to January 31, 2023. Then, the company would be listed on the New York Stock Exchange under the stock ticker symbol ‘CRCL’. The agreement was approved by the boards of directors of Circle and Concord Acquisition Corp. The latter’s executives also expressed a positive attitude toward the deal. Concord Chairman Bob Diamond said: We believe our new deal is attractive because it preserves the ability of Concord’s public stakeholders to participate in a transaction with this great company.
ULong
by Michelle8620
AUDCAD GEOMETRIC TRADING (DIAMOND PATTERN )AUDCAD is trading a Diamond pattern on its daily chart price is trading below the breakout level 0.89755 and has target the 61%bc 0.89143 at this point price could retest the breakout level and resume it downtrend to 100%.088770 by Constantino CM The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
Short
by TradeChartPatternsLikeThePros
3
ADA/USDT DiamondHello everyone. I would like to share my thoughts on the ADA (cardano) cryptocurrency asset At the moment, ADA has reached a fulcrum, from where a full-fledged reversal of the trend began in July 2021. In my opinion, the formation of a bearish "head and shoulders" figure is underway. In the current situation, we have only a part of this pattern, and the right shoulder is still waiting for formation. Locally, there is interest from buyers and the consolidation of the ADA price in the so-called diamond, which assumes the same trend reversal as it was in the summer, so I consider it an excellent opportunity to take a long stop from here and put it under the previously untraded zone of $ 0.8. Goals upper bound of diamond formation 1.65-1.7 2 the target for exiting the pattern zone after full rendering is 2.68, which assumes a profit of more than 150% from the current ones. If you liked this idea, please like it, thank you :)
by Greenload
2
SP500USD HAS FOUND THE BOTTOM ?by Constantino CM The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
OANDA:SPX500USDLong
by TradeChartPatternsLikeThePros
NASS100USD DIAMOND PATTERNWatch out for false brekouts and enter the trade with a trend confirmation The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same direction prior to the formation. If the pattern occurs at the tops or bottoms, it will be a reversal pattern. Diamond "tops" form more often than Diamond "bottoms." Trade: In "Diamond" patterns, continuous patterns form more often than reversal formations. In a continuation pattern, wait for a breakout of the "Diamond" pattern and trade in the direction of the trend prior to the pattern formation. In reversal formations, trade in the opposite direction of the prior trend. Confirm breakouts and breakdowns by price-action. Target: Continuation "Diamond" patterns provide excellent target criteria. The prior range before "Diamond" formation is the target from the breakout or breakdown level. In reversal formations, prior major swing highsllows are set as the targets. Stop: Place a "stop" order above the high of the " Diamond pattern for a short-trade and below the low of the " Diamond for a long-trade.
OANDA:NAS100USD
by TradeChartPatternsLikeThePros
Bitcoin – is this the diamond bottom?Hello, everyone! Last two analysis are still actual. Here told you that it is important to see the $50000 breakout because the monthly Central Pivot is here. Today the very rare pattern was formed – the Diamond. Now it is important to see it’s breakout to the upside. In this case the Diamond’s height target bring the price to $51000. This is the chance to break through the Central Pivot. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
8