The Diamond Dott 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 Dott.
The optimal location for a stop loss on a Diamond Dott is behind the FibDot.
🟢 A bullish Diamond Dott.
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 Dott along with a 🟢 green FibElliDott indicating a potential for long positions.
For Diamond Dotts where the FibDot directional bias does not match the Harmonic bias, stop loss placement is also ideally behind the FibDot.
A bullish Diamond Dott along with a 🔴 red FibElliDott indicating a potential for short positions.
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 Dott continuation setup to the downside.
Video Tutorials: Diamond Dot
WATCH: This short tutorial explains the DIAMOND DOT strategy in detail.
WATCH: Vinny E. Mini teaches the Diamond Dott Harmonic strategy and more.
