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It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. In reality diamond patterns are more like broadening top formations because they normally only reverse upward trends. The diamond chart pattern is a very rare and exceptional form of chart formation which looks same like the head and shoulder or an inverted head and shoulder pattern. It is a reversal pattern which appears in a V shape. CORP. incorporated in the Czech Republic under registration number 284 07 083.You can see the graphical object on the price chart by downloading one of the trading terminals offered by IFC Markets.As soon as a support line at the right is violated (plus a certain deviation is possible), it can be interpreted as change in direction of the trend downwards and serves as a sell signal. LL16237 in the Federal Territory of Labuan (Malaysia) and is licensed by the Labuan Financial Services Authority (license number MB / 20/0049).Get Personal Privileges of VIP StatusThe brilliant graphical price pattern serves for existing trend reversal confirmation in case of its occurrence on the chart.

Initiate a buy entry if the following indicator or chart pattern gets displayed:No Lag Divergence Forex Trading StrategyMetaTrader4 Indicators: cci_.ex4 (Input Variable modified; InpMaPeriod = 40, InpVolatilityPeriod = 70, InpCCIPeriod = 60)R3/F3 Method Forex Trading StrategyCopyright @ 2020 Dolphintrader.comEnter a sell in the market if the following chart or indicator pattern takes shape:The diamond top and bottom are reversal patterns that are used to pin bearish and bullish breakouts respectively.Exit or take profit if the following holds true:Currency Pairs: All pairs with maximum spread = 5 pipsExit or take profit if the following rules or conditions hold sway:Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, DayThe cci_ custom indicator is a modified Commodity Channel Indicator that combines with the moving average and is used to gauge price volatility.Recommended Trading Sessions: London, New York, TokyoDownload All Forex Systems, EA's, Trading Strategies & MT4/5 Indicators 100% FREE!Awesome Support & Resistance Forex StrategyThe Diamond Chart forex trading strategy is a reversal price action pattern that is relatively rare to spot on the activity chart.Howbeit, the pattern is triggered in the form of a diamond top (bearish signal) and diamond bottom (bullish signal), and usually typifies a period of congestion before a new trend emerges in the market. is an authorised payment agent of IFCMARKETS. The model indicates a subsequent reversal of an existing trend. The bounce from the higher low is then followed by a … NetTradeX App for Android At first glance, a diamond pattern may look like little more than head and shoulders top patterns with "crooked" necklines but this only tells half of the story. The diamond top and bottom are reversal patterns. The Diamond Chart forex trading strategy is a reversal price action pattern that is relatively rare to spot on the activity chart. Traditionally it appears in an uptrend.Calculation Scheme for Commodity FuturesIG Consulting s.r.o. Calculation Scheme for Index CFDsFollowing brilliant pattern formation the price is generally believed to fall at least to its target level, calculated as follows:IFCMARKETS. Howbeit, the pattern is triggered in the form of a diamond top (bearish signal) and diamond bottom (bullish signal), and usually typifies a period of congestion before a … CORP. does not provide services for United States, Japan and Russian residents.CALDOW LIMITED is an authorised payment agent of IFCMARKETS. In this sense, they are always about distribution.