Disliked{quote} I think it is still fine as a diamond. Switch to D1 and it is not wide.Ignored
It could be a good trade but I'm not willing to take the risk. My guy Bulkowski has this to say about diamond patterns:
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Important Bull Market Results for Diamond Tops
Overall performance rank for up/down breakouts (1 is best): 21 out of 23; 7 out of 21
Break even failure rate for up/down breakouts: 10%; 6%
Average rise/decline: 27%; 21%
Throwback/pullback rate: 59%; 57%
Percentage meeting price target for up/down breakouts: 69%; 76%
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The bearish trade looks much better than the bullish so you could be on to something sweet. let me know how it goes!
When trading: "Empty your mind, be formless. Shapeless, like water."