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 ...

They are further subdivided under categories of Upward Breakout and Downward Breakout. A Diamond shaped appearance confirms the formation of this pattern. The Diamond Bottom formation occurs after a ...