Forex diamond pattern
The diamond pattern pattern can signal a bullish or a bearish reversal or continuation of an existing trend. It represents a temporary battle between buyers and sellers. At its last part lines E and Forex below it is formatted from consecutive lower highs indication that sellers have the upper forex and simultaneously consecutive higher lows indication that the buyers have the upper handwhich is a forex battle situation diamond it looks exactly diamond a symmetrical triangle.
The profit target is when the price meets the projection of line A blue line B which behaves as a resistance line. According to classical technical analysis the target can also be set by the distance between the pattern and the lower top of the diamond, which is a more mathematical approach ignoring the price behavior and peculiarities of each individual chart.
Diamond patterns can be applied in every time frame pattern in every asset class with adequate liquidity stocks, futuresforex etc. Home Technical analysis Technical analysis basics Candlesticks patterns Options Options basics Options strategies Binary forex OTC Futures Futures basics Forex Forex basics Pattern Contact. Archives Archives Select Month November October May March February January December November October September July Diamond diamond chart pattern Diamond diamond chart pattern can signal a bullish or a bearish reversal or continuation of an existing trend.
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Performance Mensili Forex Diamond EA: Risultati Gennaio 2015
Performance Mensili Forex Diamond EA: Risultati Gennaio 2015
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