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 recent breakout or breakdown
No diamond bottom has completed recently. See all patterns.
Nothing on the watchlist
No mature diamond bottom is close to its breakout or breakdown level right now.