Índice Industrial Médio Dow JonesViés de baixa
8/10 BEARISH DIAMON PATTERN
Atualizado
Hey dear community,
this one is an educational one.
Introducing the Bearish Diamon Pattern.
So, basically, this pattern is a bearish pattern, which appears at top levels, as well as an inverted version of it at possible or temporary bottoms.
Therefore I used this Key takeaway from Investopedia, which helped me a lot and I wanted to share with you:
-Traders use price patterns such as pennants, flags, and double bottoms and tops to forecast profitable trading opportunities and explain market dynamics.
-One useful price pattern in the currency markets is the bearish diamond top formation.
-The diamond top signals impending shortfalls and retracements with accuracy and ease.
-A diamond top can be located by isolating a head-and-shoulders formation and applying trendlines to the peaks and troughs.
-Utilizing price oscillators with the price pattern can increase the accuracy of a trade by gauging price action momentum.
-Key levels are 30000
-Expect to trade within the extended range of the Diamond.
-RSI looks okayish, there's is plenty of room growth, as well for the downside.
This pattern will possibly reach the right end of the diamond pattern.
Let´s see if this works on the Dow Jones (US30).
Happy trading everybody!
this one is an educational one.
Introducing the Bearish Diamon Pattern.
So, basically, this pattern is a bearish pattern, which appears at top levels, as well as an inverted version of it at possible or temporary bottoms.
Therefore I used this Key takeaway from Investopedia, which helped me a lot and I wanted to share with you:
-Traders use price patterns such as pennants, flags, and double bottoms and tops to forecast profitable trading opportunities and explain market dynamics.
-One useful price pattern in the currency markets is the bearish diamond top formation.
-The diamond top signals impending shortfalls and retracements with accuracy and ease.
-A diamond top can be located by isolating a head-and-shoulders formation and applying trendlines to the peaks and troughs.
-Utilizing price oscillators with the price pattern can increase the accuracy of a trade by gauging price action momentum.
-Key levels are 30000
-Expect to trade within the extended range of the Diamond.
-RSI looks okayish, there's is plenty of room growth, as well for the downside.
This pattern will possibly reach the right end of the diamond pattern.
Let´s see if this works on the Dow Jones (US30).
Happy trading everybody!
Nota
Okay, we got a bearish down break, which broke the diamond but bounced back to record highs. It is possible to rather respect the diamond, though, this evolves to a mirrored triangle pattern, which has to make lower lows and higher highs.this is absolutely advanced stuff, which I will have in my mind and get into it IF it happens.
For now, our short-term short trade was technically successful, good job!
For those who traded the bounce wow, I didn't see that coming! :P
I Will update soon!
Have a nice day guys & happy trading
Trade fechado: objetivo atingido
Sic Parvis Magna - Greatness From Small Beginnings
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