CHASE(JP Morgan) Diamond? Monthly

١٨ سبتمبر ٢٠٢٢

Here we have a Mature Diamond ready to pop. I technically have 2 drawn but structurally they have 95% similarity so I expect the same results regardless, I believe the red and green transparent rectangles are the options of what is to come from previous measurements. Either a continuation diamond or a diamond top. The only interesting thing is that at the peak of the diamond maturity there is a TD red 8 and 9 which is a bullish sign, with a decent structure downwards for the count sequence but, it is valid to suggest this 9 could fail into another red 1 downwards and it's a lot of blood in a short amount of time. [Month wise.] Funny enough the TD sequential indicator marked with blue dots where the price exactly could land if it falls. TTM Squeeze not exactly not helping a bullish case because I see the histogram spike downwards, not a good time tbh...