the method I described for diamonds is that generally the apex
that is closest to the right hand side tells you if it is bullish
or bearish biased. So if the upper apex is closed to the right it's
bullish, if the bottom apex is closer to the right than the top on,
it's bearish
again doesn't have to always play out that way so best to
respect the direction of the break
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
the method I described for
Diamond look on the $SPX 2 hour. No breakout yet
Posted by matt on 6th of Jun 2022 at 08:04 pm
the method I described for diamonds is that generally the apex that is closest to the right hand side tells you if it is bullish or bearish biased. So if the upper apex is closed to the right it's bullish, if the bottom apex is closer to the right than the top on, it's bearish
again doesn't have to always play out that way so best to respect the direction of the break