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 ...

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 ...

When it comes to forex trading, understanding market movements and price trends is essential for success. One of the most effective tools traders use to navigate this landscape is chart patterns.