BTCUSD - SHORT - GOLDENWAVE INC QML = Quasimodo Level Quasimodo in forex refers to a Reversal Chart pattern that is used in technical analysis to predict the change of trend. let’s discuss from the beginning. A bullish trend consists of at least two higher highs and two higher lows, whereas a bearish trend consists of at least two lower lows and two lower highs. So when will a trend be reversed?
In the case of a bullish trend, after at least two high highs and Higher Lows when a lower low will form, then the trend will reverse. It will decide either to form a ranging structure in the future or the beginning of a bearish trend. In case of a bearish trend, after at least two lower lows and lower highs when a higher high will form then the bearish trend will reverse. Here, price will then decide either to go with a bullish trend or to form a ranging price structure.