Pressure Breaks the Weak, or Forms the Diamond

Here is a quick update from this post a few weeks back noting the bottoming patterns in the beaten-down steel and coal sectors.

The weekly chart for the coal sector is most intriguing with its strong push this week out of the diamond bottom formation. The pattern spanned over six months and I would expect a huge measured move higher if confirmed.

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3 Responses to “Pressure Breaks the Weak, or Forms the Diamond”

  1. What would you like to see as confirmation.

  2. Thx Chess.

Comments are closed.
Previous Posts by chessNwine

Pressure Breaks the Weak, or Forms the Diamond

Here is a quick update from this post a few weeks back noting the bottoming patterns in the beaten-down steel and coal sectors.

The weekly chart for the coal sector is most intriguing with its strong push this week out of the diamond bottom formation. The pattern spanned over six months and I would expect a huge measured move higher if confirmed.

_______________________________

3 Responses to “Pressure Breaks the Weak, or Forms the Diamond”

  1. What would you like to see as confirmation.

  2. Thx Chess.

Comments are closed.