Continuation Diamond

0
12
Continuation Diamond
Last modified: May 7, 2021
You are here:
Estimated reading time: < 1 min

Continuation Diamond chart pattern forms when the price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend.

The chart pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern.

Then the trading range gradually narrows after the highs peak and the lows start trending upward.

When the price breaks upward out of the diamond’s boundary lines, it marks the resumption of the prior uptrend.


If this article seems useful to your then please click the like button below. You can also share your valuable feedback or ask questions in the below comment section. Also, subscribe to our newsletter for trading-related updates.

NOW, IT'S TIME TO OPEN A DEMO ACCOUNT

Was this article helpful?
Dislike 0 0 of 0 found this article helpful.
Views: 11

Continue reading

Previous: Continuation Pattern
Next: Bull Flag

LEAVE A REPLY

Please enter your comment!
Please enter your name here