The Diamond is just one piece of the puzzle. See the full technical breakdown.
Indecision. Widening then narrowing range.
Traders are watching Block, Inc. (XYZ) as price action tightens. With a last close of $74.78, volatility remains active (2.66%). Algorithmically, a Diamond structure has completed. This setup is supported by strong volume turnover. A potential breakout level is identified at $77.62, targeting $89.79 with support near $71.54 (R:R 2.0).
What is your outlook on XYZ?