DXY next week... A diamond pattern in the making? I think Yes!!!
Definition:
Diamond Pattern
A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
https://thumbs.dreamstime.com/z/bar-financial-data-graph-forex-stock-crypto-currency-trading-pattern-indicator-trade-finance-vector-illustration-119229815.jpg
Definition:
Diamond Pattern
A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
https://thumbs.dreamstime.com/z/bar-financial-data-graph-forex-stock-crypto-currency-trading-pattern-indicator-trade-finance-vector-illustration-119229815.jpg
Trade ativo:
Diamond pattern formed and broke to the down side as predicted :D
