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Diamond Bottom

Chart

Rare bullish reversal. Price expands then contracts forming diamond shape. Often found at major bottoms.

Success Probability:

71%

Pattern Visualization

How to Identify

Broadening pattern then narrowing
Diamond shape forms
Volume increases then decreases
Breakout above upper trendline confirms

Trading Tips

Rare but reliable. Enter on breakout. Stop below diamond. Measure diamond height for target.

Rare bullish reversal. Price expands then contracts forming diamond shape. Often found at major bottoms.

Trading Strategy

Rare but reliable. Enter on breakout. Stop below diamond. Measure diamond height for target.

How to Identify

Broadening pattern then narrowing
Diamond shape forms
Volume increases then decreases
Breakout above upper trendline confirms

Risk Management

With a 71% success probability, this pattern offers moderate reliability. Use smaller position sizes and require additional confirmation.