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In this special episode of Diamond’s Edge Live, Greg Diamond, editor of Ten Stock Trader, dives deep into candlestick patterns, gap setups, and Elliott Wave theory—with a sharp focus on the hammer bottom, a powerful signal that called the 2020 market bottom.
Greg breaks down how to spot hammer patterns, what makes them reliable reversal signals, and how to combine them with technical indicators, gap analysis, and wave counts to build high-probability trade setups.
You’ll also see real-time chart examples on Apple, Gold, and the Dow, plus practical strategies for navigating volatile markets using proven technical frameworks.
🛠️ Topics Covered:
Hammer bottom & hammer top patterns
Gap up strategies & how to trade filled gaps
Flags, wedges, and triangles explained
Elliott Wave analysis: from 1-minute to multi-year charts
Gold price targets using “half-mast” flags
Real-world examples of market reversals
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⏱️ Chapters
00:00 – Intro: What to Expect This Episode
00:22 – Overview of Technical Patterns
00:45 – Basics of Candlestick Charts
01:40 – How to Read Candlestick Components
03:15 – Positive vs. Negative Candlestick Days
04:20 – Why Certain Patterns Matter to Traders
05:01 – Greg’s 3 Pillars of Technical Strategy
05:50 – Key Candlestick Patterns to Know
06:55 – Hammer Bottom Explained
08:00 – COVID Low: Hammer in Action
09:00 – Understanding Gaps and Gap Fills
10:40 – Trading Gap Fills After a Hammer
11:58 – Breakaway Gaps vs. Gap Fills
12:50 – Flags, Wedges, and Pennants 101
14:20 – Flags Flying at Half-Mast: Measuring Targets
15:45 – Real Example: Gold Price Projections
17:25 – Current Gold Flag Setup & Upside Potential
18:20 – Elliott Wave Theory Intro
19:00 – Elliott Waves as a Risk Management System
20:30 – Real-Time Elliott Wave Breakdown (Dow Futures)
22:00 – Small Waves Inside Larger Moves
23:30 – Labeling Waves in Real-Time Charts
24:40 – Combining Wave Counts with RSI and Time
25:55 – Final Thoughts: Education, Patience & Application
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