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Bearish Diamond
Uncommon but reliable BEARISH REVERSAL. After an uptrend, price draws a diamond.
By the TradingCalculator.Pro team · Updated on · About us
Start your 7-day free trial →What you will learn
- Reliability: Medium
- Timeframes: 4H, D, W
- Reversal Pattern · Bearish
How to Trade
- Identify initial expansion then contraction
- Entry: sell on break below the lower diamond line
- Stop Loss: above the center of the diamond
- Take Profit: diamond height projected downward
- Confirmation: high volume break and strong bearish closing candle