Diamond pattern has matured into a more symmetrical shape.

As with many patterns, triangles, pennants etc. . .as they develop they tend to morph, or widen and change shape. We can see this also the case with the diamond pattern we have been consolidating in. It has now matured into a much more symmetrical shape and in fact can now at this point be looked at as a symmetrical triangle as well as they both will have the dame breakout target of 12.9k. The fact that it could also very easily be a valid symmetrical triangle is a good thing because symmetrical triangles are almost always continuation patterns and the pattern before now was indeed very much up which makes a bullish breakout the most probable.