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 ...

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, ...

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 ...