Diamond Bottom

A diamond after a decline; completes on a close above the upper right line.

The mirror image of the diamond top, forming after a fall.

Rare and subjective.

How we define it

Left vertex near the middle of the range; extremes in the middle of the pattern
Right side: two converging lines with at least 2 touches each; no close outside the diamond
Prior trend down
Minimum length: 2 months on 1D, 3 months on 1W, 10 days on 4H
Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary

No diamond bottom has completed recently. See all patterns.

$0.004510-7.20%