Forex Walkthrough   Charts - The Bearish Diamond  For years,
common formations such as pennants, flags and double bottoms and
tops have been used by traders in the currency markets. A less
talked about, but equally useful, pattern that occurs in the
currency markets is the bearish diamond top formation, commonly
known as the diamond top.  The diamond top generally occurs at
the top of considerable uptrends. It effectively signals
impending shortfalls and retracements with relative accuracy and
ease. This formation can also be applied to any time frame,
especially daily and hourly charts, as the wide swings often
seen in the currency markets will offer traders plenty of
opportunities to trade.  Identifying and Trading the Formation
The diamond top formation is established by first isolating an
off-center head-and-shoulders formation and applying trendlines
dependent on the subsequent peaks and troughs. It gets its name
from the fact that the pattern bears a resemblance to a four-
sided diamond.  Let's break the