Symmetrical diamond
In case of a symmetrical diamond pattern, the two converging trend lines have to be roughly symmetrical, connecting the swing highs and lows of the price chart.
Symmetrical diamond patterns can be both bullish and bearish. In the first case, the price moves upwards and the upper trendline slopes higher. In the bearish market, it’s the opposite, as the price moves downwards, and the downward trend line slopes lower.
