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| Discuss BreakOuts at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Breakout from Flag with a WIde Range Bar on weekly charts.... |
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#111
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Breakout from Flag with a WIde Range Bar on weekly charts.
Last edited by aca_trader; 11th December 2006 at 02:25 AM. |
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#112
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Descending Triangle.
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#113
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1-2-3 Pattern.
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#114
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Brodening Top.
Last edited by aca_trader; 14th December 2006 at 10:20 PM. |
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#115
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A diamond your girl friend won't like to wear.
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#116
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Hey Aca Trader,...
Nice work buddy,.. But one thing i want to know ,.. Is Diamond pattern a sign of Bearish Trend ? Example is there in ur chart . see the time period of January - April,.. U will find another diamond there n then FREE FALL . Comments please,.. Regards,.. DArsh |
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#117
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Quote:
Thanks Darsh. Well, Diamonds are trend reversal patterns. Diamonds can be understood as complex H&S Pattern with a V-shaped neckline. When Diamonds form after an uptrend, We can expect prices to fall while diamonds bottom increase the chance of price going bullish. Hope, this is helpful. Best Regards, --Ashish |
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#118
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Thanks Aca ,..
yeah ur right ,.. it will definately increase the chances to go bullish if the diamond is being created somewhere in bottom. But in currunt days most of the stocks r over priced. So ,.. it increases the chances to go bearish. The main worry for this market is , its not getting consolidated. So volatality chances r more. Ur comments please,.. Darsh |
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#119
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The brodening top has now transformed into a Diamond.
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#120
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Quote:
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