Posted by timebandit on 19th of Aug 2022 at 04:10 pm
It's supposed to be bearish because the apex is to the left of
the lower point. But honestly, I don't take that into account. I
just watch for a break and then monitor. If it's a false break, I
adjust the formation. These are weekly charts, so I am more
interested in terms of the bigger picture.
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It's supposed to be bearish
XLP - the right side of this diamond will probably ...
Posted by timebandit on 19th of Aug 2022 at 04:10 pm
It's supposed to be bearish because the apex is to the left of the lower point. But honestly, I don't take that into account. I just watch for a break and then monitor. If it's a false break, I adjust the formation. These are weekly charts, so I am more interested in terms of the bigger picture.