By Investment U Research Team Diamond pattern trading isn’t for beginners! Not only are these patterns rare, they’re often wildcards, breaking up or down regardless of bullish or bearish indicators. That said, it’s important for every pattern trader to know the basics of a diamond pattern.
Diamonds are volatile and dangerous to trade before they break, which often leaves traders guessing at when to enter or exit a position. Don’t let a diamond’s easy-to-stop nature fool you: they’re dangerous for an experienced trader. But for those who play a diamond right, profits could be substantial.
Recognize Diamond Pattern Trading Trends
Diamonds are well-named because of their appearance …read more
