Diamonds have a future especially now that buyers are concerned with providence.
The major swing that occurs from Oct 20 from the lows 37.40ish to the peak in Aug 21 is where I've taken my analysis from. It's a slow mover but consistent for a technical setup.
Price has hit a 61.8 Fibonacci retracement of the major swing and price is now heading up.
The 1st level to take profit is indicated by the red line of 127% Fibonacci Extention - 75.20ish of this swing.
It may double top at the previous high.
Diamonds are in demand especially Australian mined diamonds. Just my plan - do your own due diligence before you trade.
The major swing that occurs from Oct 20 from the lows 37.40ish to the peak in Aug 21 is where I've taken my analysis from. It's a slow mover but consistent for a technical setup.
Price has hit a 61.8 Fibonacci retracement of the major swing and price is now heading up.
The 1st level to take profit is indicated by the red line of 127% Fibonacci Extention - 75.20ish of this swing.
It may double top at the previous high.
Diamonds are in demand especially Australian mined diamonds. Just my plan - do your own due diligence before you trade.