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 ...

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 ...

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 ...