Today, we will get acquainted with a tech analysis pattern called Diamond. Compared to other tech analysis patterns, the Diamond pattern appears rather rarely on the chart.
Tag: chart patterns
A Japanese candlestick chart looks like a rectangle with two "tails" on the top and at the bottom. Same as the bars reflects four prices...
The Triangle pattern appears on different charts rather frequently. Normally, the Wedge is considered a reversal pattern, forming on maximums and minimums of a price chart in an up- or downtrend. A Wedge is quite similar to a Triangle, forming between the two converging support and resistance lines.
A chart pattern means a repeated element in different spheres of life – nature, psychology, music, design, trading, etc. When it comes to trading, a pattern is a stable and repeated combination of data on prices, volumes, or indicators.