Diamond Dot

The Diamond Dot strategy consists of a Diamond Harmonic pattern with a FibElliDott touching the Diamond Harmonic PRZ. This creates a greater confluence of price structure patterns.

Although the Diamond Harmonic can be the weakest harmonic pattern on its own, when paired with a FibDot of matching direction, the whole can be more powerful than the sum of its parts.

🔴 A bearish Diamond Dot.

The optimal location for a stop loss on a Diamond Dot is behind the FibDot.

🟢 A bullish Diamond Dot.

The FibDot color does not matter & does not have to match the color of the Diamond - go with the color (direction) of the FibDot.

A bearish Diamond Dot along with a 🟢 green FibElliDott indicating a potential for long positions.

For Diamond Dots where the FibDot directional bias does not match the Harmonic bias, stop loss placement is also ideally behind the FibDot.

A bullish Diamond Dot along with a 🔴 red FibElliDott indicating a potential for short positions.

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Examples

STUDY: On AlgoBars 3 Ripple chart for NQ futures, a Diamond Harmonic pattern appears with a 🔴 red FibDot at Medium Timing and VL2 & VL3, for a sharp downturn.

STUDY: On AlgoBars 3 Ripple chart for RTY futures, a green Diamond Harmonic Pattern is broken when a 🔴 red FibDot appears, making this a bearish Diamond Dot continuation setup to the downside.

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Video Tutorial

WATCH: Vinny E. Mini teaches the Diamond Dot Harmonic strategy and more.

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