the Battle of Diamond

Let's focus on the Battle of Diamond.

It is on the weekly price chart on FTSE100.

Load up you candle chart on that one.

It all started in January 2009, W1 candle,the green one.You link up the bottoms of weekly candles 1, 4 and 10.

There you have the vertically slanting edge of the diamond on the left.

Then, you link up the candle body tops of Week 4 and week 6 and parallel to link up the Candle tail bottom of week 10 in March. There, you have the horizontally slanting edge.

Now we have the two sides of the diamond, parallel and complete the diamond.

This is what I am looking at and it has worked a treat so far.

So have a go and make some comments here.

Good luck.

Ps Key resistances: 4250/4450 and 4650; key supports: 4000; and the magic number 3930.