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The figure Diamond or Diamond refers to classical graphical analysis figures. It does not appear on charts very often, but the ability to identify it and use it in making trading decisions can significantly enrich the trading arsenal of any trader. How a Diamond figure is defined, what its features and similarities with other graphical analysis figures, as well as what market mechanics cause its appearance, we will analyze in this article. Peculiarities of a Diamond Shape The diamond refers to the figures of the turn. That is, after its appearance, the trend most often changes to the opposite. That's not a 100% rule. But if the figure is correctly identified, if the context is correct and the Diamond is indeed found, the trend reversal can be expected with high probability. This formation looks like a rhombus. But we decided to call it a more noble name. So, Diamond is a kind of flute that appeared after the trend. But it can be approximately in the middle of the pe...
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