<topic>
The topic tag contains eductional material for a specific topic
<id>
Id used by Recognia to identify the topic. |
<description>
Description of the topic. The description contains three child tags (short, long, detailed) to provide descriptions of varying length. Each of these tags contains multiple document-related tags such as title, paragraph, text, ul, subtitle1, subtitle2, subtitle3, image. These tags may be grouped into a section tag which also contains an id tag that is useful when creating anchors in documents. |
<usage>
The usage tag provides guidelines for analyzing the event. The usage tag contains four child tags (critical, support, refute, behavior) which are usually all blank for terms as they are mainly applicable to event types. The critical tag contains educational material to convey critical trading considerations. The support and refute tags describe additonal events that may support or refute this event type. The behavior tag contains an explanation of how the behavior of the masses is reflected in the formation of this event type. Each of these usage child tags contains multiple document-related tags such as title, paragraph, text, ul, subtitle1, subtitle2, subtitle3, image.The critical tag contains consideration instead of paragraph. The support and refute tags contain event instead of paragraph. All of these tags may be grouped into a section tag which also contains an id tag that is useful when creating anchors in documents. |
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<topic type="classic">
<name>Continuation Diamond (Bullish)</name>
<id>62</id>
<description>
<short>
<title>Short Description</title>
<paragraph>A Continuation Diamond (Bullish) is considered a potential long signal.</paragraph>
</short>
<long>
<title>Long Description</title>
<paragraph>A Continuation Diamond (Bullish) is considered a potential long signal. It indicates a possible continuation of an uptrend. This means the following depending on your current position in the stock:</paragraph>
<ul>
<li>If you already have a long position you may consider holding or accumulating.</li>
<li>If you already have a short position you may consider closing it out.</li>
<li>If you don't have a position you may consider taking a long position.</li>
</ul>
</long>
<detailed>
<title>Detailed Description</title>
<section>
<id>implication</id>
<subtitle1>Implication</subtitle1>
<paragraph>A Continuation Diamond (Bullish) is considered a potential long signal. It indicates a possible continuation of an uptrend. This means the following depending on your current position in the stock:</paragraph>
<ul>
<li>If you already have a long position you may consider holding or accumulating.</li>
<li>If you already have a short position you may consider closing it out.</li>
<li>If you don't have a position you may consider taking a long position.</li>
</ul>
</section>
<section>
<id>description</id>
<subtitle1>Description</subtitle1>
<paragraph>Diamond patterns usually form over several months in very active markets. Volume will remain high during the formation of this pattern. The Continuation Diamond (Bullish) pattern occurs because prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward.</paragraph>
<image>image_eti_62</image>
</section>
</detailed>
</description>
<usage>
<critical>
<title>Trading Considerations</title>
<subtitle2>Duration of Pattern</subtitle2>
<consideration>Consider the duration of the pattern and its relationship...</consideration>
<subtitle2>Expected Target Price</subtitle2>
<consideration>The Expected Target Price provides an important indication about...</consideration>
<subtitle2>Inbound Trend</subtitle2>
<consideration>The Inbound Trend is an important characteristic of the pattern...</consideration>
</critical>
<support>
<title>Events that Support</title>
<subtitle2>Support and Resistance</subtitle2>
<event>Support can be found at the turning point of the lows and resistance...</event>
</support>
<refute>
<title>Events that Refute</title>
<subtitle2>No Volume</subtitle2>
<event>A lack of a volume throughout the pattern is an indication that...</event>
<subtitle2>Short Inbound Trend</subtitle2>
<event>An Inbound Trend that is significantly shorter than the pattern...</event>
</refute>
<behavior>
</behavior>
</usage>
</topic>
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