Mastering the diamond pattern can provide technical forex traders with a significant advantage in predicting currency market reversals and breakouts. This technical analysis formation is characterized ...

A diamond pattern is used for detecting reversals. Once rightly identified, it is one of the most profitable patterns for using reversals for trading strategy. Diamond chart formation is a rare chart ...

Diamond pattern trading isn’t for beginners! Not only are these patterns rare, but also they’re often wildcards, breaking up or down regardless of bullish or bearish indicators. That said, it’s ...

Exotic as it may sound, the diamond pattern is essentially a special type of consolidation. The expected movement is down, especially in this case considering the previous downside momentum. However, ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Among candlestick formations, not all consist of 1-day, 2-day or 3-day patterns. Some, like the diamond formation ...