Technical Analysis: Bearish Diamond Chart Formation

Introduction A diamond chart (or diamond top) formation is a bearish chart pattern which occurs rarely at the top of considerable uptrends. It is a variation of a head-to-shoulders pattern, so investors commonly mistake every heads and shoulders as a diamond formation. The diamond top signals an impending fall, and can be applied to any … Read more

London Hammer Trade

Introduction London stands as the financial centre of UK, and represents one of the largest, if not the largest, forex markets in the world. Consequently, the start of trading in the London forex exchange (7:00 or 8:00 GMT based on daylight savings time) is met with extremely high volatility. London’s market ‘sets the bar’ for … Read more