Take a look at the diamond formed around March 14 and then take a look at the double diamond formed on March 28 into the beginning of April. See what happens? As I said the double diamond is tricky because you must use your other indicators to buy before it is formed to get the full pop.
Now take a look at MOBL from April 11 to April 25. You will notice another double diamond but the second diamond is disfigured, if you were to even out the aroon down that connects the diamonds by bending it towards the right, you would get a more distinguishable second diamond telling you to BUY.
Take a look at any chart from any stock and you will see that I am right. Use the different Aroons to find the diamonds, so far I have noticed that aroons 5 and 8 work best.
Good Luck, let me know your thoughts!
I am not a professional and my comments are all my own opinion. If you have any constructive criticism do not hesitate to offer it; this is how I can learn and improve my analysis.
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