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Advanced Chart Patterns

dIAMOND BOTTOM AND DIAMOND TOP

Diamond bottoms and diamond tops – price action mastery

Diamond bottoms Trend The Diamond bottom patterns gives a upward breakout . It is a bullish pattern. Generally a reversal occurs at the end of a downtrend. Once the price breakout’s it gives a good bullish momentum. Identification guidelines Forms at the end of a downtrend.  Prices form higher highs and lower lows in the first …

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bump and reversal

PRICE ACTION – THE BUMP AND RUN REVERSAL PATTERN

Recently spotted in live market Bump-and-Run Reversal Bottoms trend We expect a bullish move when a bump and run reversal pattern appears. Sometimes it’s a short-term bullish reversal. Features of the pattern   1.  Looks like a frying pan with the handle onthe left following a trend line down until a large decline ensues.  2.  …

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