There is no shortage of interesting patterns right now. One of my favorite continues to be the Consumer Staples Select, which is featuring a very handsome diamond reversal pattern. Here you can see it on the long-term chart. I have used the polygon tool in SlopeCharts to highlight it.
Consumer Staples Select Sector SPDR (NYSE:XLP)
The bounce since December 26 has been historic. You can see how prices have, thus far, done a picture-perfect job of vaulting to precisely the border of the diamond pattern. It’s worth considering.