The Quasimodo trading rules for sell signals can be summarized as follow:
A prevailing uptrend needs to be visible – series of HH followed by a series of HL.
Break in the market structure – price start to make lower lows LL.
Place a sell order near the right shoulder.
Hide the protective stop-loss above the last higher high HH.
Take profit near the first valley of the Quasimodo chart pattern.
A prevailing uptrend needs to be visible – series of HH followed by a series of HL.
Break in the market structure – price start to make lower lows LL.
Place a sell order near the right shoulder.
Hide the protective stop-loss above the last higher high HH.
Take profit near the first valley of the Quasimodo chart pattern.