XSO 0.14% 2,972.9 s&p/asx small ordinaries

@paddington bearFWIW I also happened to notice quite a few...

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    @paddington bear
    FWIW I also happened to notice quite a few diamond patterns when I did my chart run through on weekend. Not something I "look for" or tend to see too often. Actually looked up some chart pattern cheat sheets & there is quite a few different views on them.

    -Some believe that "any shape diamomd" qualifies unlike PB definition that requires parallel boundaries.

    -Many indicate that the price Highs and lows should be at the apex and low point of the diamond e.g. from "Wiley_Trading_Encyclopedia_of_Chart_Patterns_nd_Edition_2005"

    https://hotcopper.com.au/data/attachments/6266/6266539-90d1aa4b253af999a2fe9fa7e4a977f3.jpg
    and from the same book:

    https://hotcopper.com.au/data/attachments/6266/6266571-77bdecd9c8a57e2b08a5127502c87dee.jpg


    In summary IMO they are a pattern that worth noting BUT dont get me too excited!!!!!





    Last edited by gj0201: Monday, 09:47
 
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