Founder's Trading Journal Diamond Breaking Up – Target 3950 by AF Thornton Feb 12, 2021 0 Comment Though rare in probability terms, at the moment our Diamond Pattern is breaking up, rather than down. The math now works in reverse, with the target at 3950. This is why it is best to take a later, rather than earlier trade in these types of consolidations. Confirmation of the breakout comes when we take out the all-time high reference at 3928.50.
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AF Thornton Website: https://tradingarchimedes.com A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.