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Diamond Pattern Trading: A Key Technical Analysis Tool

Trading using technical analysis patterns most often involves studying recurring price behaviors on the charts, including identifying various patterns. Today, traders use a wide range of chart patterns, some of which are rare but can be particularly advantageous. A Bullish Diamond and a Bearish Diamond are among such patterns, typically appearing on higher time frames. Trading these patterns can often yield profits exceeding 10%–15% of a trader's deposit. This article explores how to utilize these patterns effectively. The article covers the following subjects: Major Takeaways What is the Diamond Chart Pattern? Key Characteristics of the Diamond Pattern Types of Diamond Patterns