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Our VIP members get signals like these EVERY SINGLE DAY!
Recipe of success is very simple! And we don’t mind sharing it with you:
1) Contact us and join our VIP channel
2) Copy our VIP signals and get your profit!
Admin: @CSOPREMIUM
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Today we will talk about the "Rhombus" pattern ~
The alternative name of this trading pattern is "Diamond". This is a rather rare market reversal pattern that can be formed during any trend at local lows/maximums. If the diamond appeared at the highs of the price chart, it indicates that the upward movement is over and now you can sell. If the pattern was formed at the bottom of the chart, after the downtrend, you can wait for an upward reversal and get ready to buy.
The rhomboid pattern most often occurs after a prolonged trend phase. When it occurs in the context of a bull market, the pattern is called a rhomboid top or a bearish rhomboid pattern because of its bearish meaning. Conversely, when it occurs in the context of a bear market, the pattern is called a diamond bottom or a bullish diamond pattern because of its bullish meaning.
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The alternative name of this trading pattern is "Diamond". This is a rather rare market reversal pattern that can be formed during any trend at local lows/maximums. If the diamond appeared at the highs of the price chart, it indicates that the upward movement is over and now you can sell. If the pattern was formed at the bottom of the chart, after the downtrend, you can wait for an upward reversal and get ready to buy.
The rhomboid pattern most often occurs after a prolonged trend phase. When it occurs in the context of a bull market, the pattern is called a rhomboid top or a bearish rhomboid pattern because of its bearish meaning. Conversely, when it occurs in the context of a bear market, the pattern is called a diamond bottom or a bullish diamond pattern because of its bullish meaning.
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