This TL was broken in September and became the bouncing bottom of this flag in which the top part is todays broken tl.
This is testament to market precision.
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DislikedIt looks like you see diamonds everywhere. Its one of the most difficult patterns to recognize and a trader needs alot of ecperience to identify it correctly. If you dont have experience you will get stop loss after stop loss speaking from my experience. For me its a simple kind of triangle.
AttachmentIgnored
DislikedDouble diagonal one or inv. H&S. Either way, it seems a break north is imminent.
A beauty.Ignored
DislikedUpdate.
Clever market. Everybody shouting: go long, its an inverted H&S and voilá!Ignored
DislikedUpdate.
Clever market. Everybody shouting: go long, its an inverted H&S and voilá!Ignored
DislikedDouble diagonal one or inv. H&S. Either way, it seems a break north is imminent.
A beauty.Ignored
Dislikedwas a very easy trade looking at the monthly..ascending trendline broke to go south..I am not as experienced as u..but i dont see that formation at all fitting the requirement for a diamond as the sequence inside doesnt fit?
perhaps im wrong? i mean the broadening traingle part is there but the converging traingle is not as we had a double low or is this why u call it a double diagonal diamond?Ignored