Target 1 to the downside is in orange type.
For further targets down if it goes past T1, see prior post.
No recommendation
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A diamond topis like 2 symmetrical triangles stuck together at the wide ends.
For further targets down if it goes past T1, see prior post.
No recommendation
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A diamond topis like 2 symmetrical triangles stuck together at the wide ends.
Note
A diamond top can have a pole like a flag does. However, the top is not shaped like a bull flag.Both patterns can break either way and are neutral until a trendline is broken.
When a diamond top with a steep, vertical rise, breaks to the down side, price can end up back at the launching pad. The trip down can be just as ferocious as the trip up.
A lot will depend on market sentiment, but there seems to be bearish crooked Ws in a lot of popular stocks right now.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.