What is your opinion? Is it a diamond? Diamond formation mostly appears at bottom or at peaks and gives opinion about trend reversals. Their target length is which indicated at our graphic as "h" is measured by peak and bottom
point of diamond.
What is your opinion? Is it a 4h diamond which newly break the line to upward? If it is so, then it seems next target is 10700. Diamonds mostly give information about reversal of trend. It is approximately 3 days diamond and at bottom. Diamonds mostly go to a range which equals to their height. It is also interesting that 4h fisher transform just newly gave a buy signal.