India's leading technical
analysis solution provider
India's leading technical
analysis solution provider
Because the Diamond is Neely’s signature pattern, traders see them everywhere. True Diamonds are rare (forming maybe 3-4 times a year in a major index). If you find 10 diamonds in a week, you are mislabeling 3-3-3-3-3 triangles as diamonds.
A unique contribution is his alphanumeric labeling system that goes far beyond traditional (1)-(2)-3-4-5-A-B-C. It forces the trader to classify every swing into specific pattern families (impulse, diagonal, zigzag, flat, triangle, combination) based on strict internal structure.