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Diamond notation (phasing)

Chart markers below price: each diamond marks a cycle trough; higher stacks = longer cycles.

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Post-1970Cycles Course convention, not the 1970 book.


Definition

In phasing analysis, troughs of each nominal cycle are marked with diamond symbols below the bar low.

Rule Meaning
One diamond Trough of one specific cycle
Stack of diamonds Synchronized troughs of multiple cycles
Top diamond in stack Longer cycle
Bottom diamond Shorter cycle