A diamond reversal is when a broadening wedge turns into a symmetrical triangle. I suggest googling it since it is rather rare.
I am not an expert, but if you do some research as to what these usually look like... we might have one here.
This being on the daily timeframe means the reversal could be a strong one.
Look for a close above the upper right resistance line of the diamond.
Fingers crossed
I am not an expert, but if you do some research as to what these usually look like... we might have one here.
This being on the daily timeframe means the reversal could be a strong one.
Look for a close above the upper right resistance line of the diamond.
Fingers crossed
Kommentera:
Sorry, I meant "when a broadening PATTERN turns into a symmetrical triangle"... not wedge
Kommentera:
We are looking good! Follow for updates
Kommentera:
Hope y’all made some money off this diamond bottom!!!!!