In Elliott Wave Theory, flat patterns are consolidation moves that are designed to eat up more time than price. Flat patterns tend to be shallow retracements of the previous trend and when finished, ...

They are further subdivided under categories of Upward Breakout and Downward Breakout. A Diamond shaped appearance confirms the formation of this pattern. The Diamond Bottom formation occurs after a ...

A Diamond Top Formation is a technical pattern that often occurs at or close to the top or peak of the market position. This type of pattern is occasional and does not occur as regularly as other ...