The Quasimodo Reversal (QMR) pattern, observed in trading, consists of a sequence of price movements: starting with a high, followed by a low, then a higher high, and finally a lower low. This pattern signals a potential reversal in the market's direction, often indicating a shift from bullish to bearish or vice versa. Traders may use this pattern to anticipate...
TVC:DXY has formed a Quasimodo pattern that is near completion of its right shoulder. Once it crosses ~105.9, expect it to continue up towards ~112.5 and then ~116. This is the scenario I expect will occur, and I am hopeful that it will take as long as I've drawn but it could occur much more rapidly. The longer it takes, the better chance we see extended...
hello guys... as you can see apple engulfed the last support and demand zone as a flip area! on the other hand, made two QM patterns! we can consider it as QMC and QMR too! those two blue areas are great for getting short positions! target is 181.6 and 171.3. ______________________ always do your research. If you have any questions, you can write them in...
Hello friends, Today I'm going to talk to you about an interesting and useful pattern in trading. This pattern is called QM or Quasimodo and it is one of the famous patterns in trading. This pattern consists of a high peak (Overbalance High), then a return to a lower point and finally a movement upwards that leads to a resistance point or supply zone. Note that...
Hi dear traders. QM setup has appeard on this chart. we can set sell limits for 1:1 or 1:2 R/R. Consider This based on your prespective and sterategy. Cheers.
hello dear traders. based on our chart, we identified a Quasimodo setup on Daily timeframe of Brent Oil. If price reaches our zone, it is worth considering going long on Brent Oil. I'll share updates via new publishings in the future. Cheers.
Hi traders, based on 1h chart on XAUUSD we can see a setup called ''Quasimodo''. We have 2 or 3 TPs for this one particular setup, but I stick to this until i get 1:1 reward out of it. Consider it based on your own prespective and strategy. Cheers.
Hi, hope you are all well. There is a potential Sell setup on TIAUSDT. A very good setup called Quasimodo. I'll set my sell limits inside my zone and wait for the setup to get complete. Green lines are my TPs Cheers.
Building on our previous analysis, it appears that OANDA:EURUSD holds potential for a continued downtrend towards the daily demand zone We observe the presence of the QM pattern and the emergence of the maximum pain level formation: Traders, whether you agree or have your own insights, share in the comments
💲DXY (U.S. Dollar Index)💲 🗣️ Update of US dollar index analysis - 4-hour time frame 🗣️ 📆 Wednesday 6.9.2023 📆 As you can see, the dollar index has formed a base after breaking the long-term downward trend line and engulfing the Major SR line during the QM structure. This area was so powerful that the index was able to rise above the Minor SR line by reacting...
The bearish setup on EURUSD is looking promising as price action reveals a potential trend reversal. A harmonic pattern, specifically the completion of the leg CD of a bearish bat pattern, indicates a high probability of a downward move. Moreover, a bearish engulfing candlestick pattern formed recently, reflecting increased selling pressure. Adding to the bearish...
as you can see in chart there is a qm setup in eurusd. yo can enter on qml with a good room to run for price and a good risk/reward
AS YOU CAN SEE we have a beautiful quasimodo structure which is not normal one ... diamond one is more accurate and more powerfull combined with latest PRZ spike and price action candle confirmation
Possible buy and sell positions are introduced. Buy zone: QM level is overlapped with 0.705 fibo level. Sell zone: H4 order block and previous ignored and stop hunted level. FindForex
here are 2 quick little quasimodo reversals on #UJ here. Smaller one in yellow outlines the inverse bullish move with entries on lower time frames. Larger quasimodo (green) follows a larger move that could pull this down a bit before a continuation upwards.
when see good structure of quasimodo fake out v2 ; you have entry and exist point... i think price up in mpl point ... Good luck
Second shoulder wicked above the first shoulder high so may be invalidated but heavy rejections off this shoulder could mean a little reversal here.