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Quasimodo

BTC/USD Daily Timeframe - Maybe Quasimodo Level Hi Dears Today let's analyze the bitcoin chart by RTM Method and in the daily timeframe. If you look carefully to this chart, you can see the resistance level (SR Line) at around 21500 then the FTX news cause the market to fall sharply to around 15500. This level was broken on 17 Jan 2023 and the price bounced sharply. The FL is made and we can see that there is a pullback to this FL zone on 10 Feb 2023. This FL was Engulfed 3 days ago and the price returns to its uptrend. The important thing is that the FL is engulfed clearly by the price so we have to take our bearish scenario. Also the Quasimodo Pattern is creating and we have to wait for this pattern to be completed. we engulfed the bottom of the left shoulder and a head is seen. When the price reaches the Kink zone, we have to wait for trigger or signal bar. Then we make short at this level. Becarefull that we have to see the trigger and then go short. Sincerely Hosein Poursaei
INDEX:BTCUSDShort
by hosein-9879
BTC: 2 Quasimodo Patterns FormingHELLO GUYS... Based on the pattern analysis I have described, it appears that Bitcoin is forming two patterns known as Quasimodo patterns, which I have labeled as QML1 and QML2. By engulfing the two specific areas, the patterns have been confirmed. It seems that Bitcoin is currently moving rapidly towards the level of pattern one, and there is a possibility of a drop to $20,000 from that area. After that, the second pattern starts to grow again and reaches at least $23,500. However, it's important to keep in mind that technical analysis is not always accurate and market movements can be unpredictable. It is essential to consider other factors such as market sentiment, news, and overall market trends before making any trading decisions. It is always a good idea to have a proper risk management strategy in place and to seek the advice of a professional financial advisor before making any investment decisions.
by melikatrader94
24
GOLD - Quasimodo Head & ShouldersBullish on gold for multiple reasons: Bullish confluences on gold: Inverted yield curve (Possible recession after yield curve flips) = Short term bonds have a higher yield than long term bonds (Federal reserve pushing up interest rates to fight inflation) Possible recession incoming... Increase investments in asset classes with a potential Recession: - BONDS, GOLD, REITS Powell says Interest rates rising so this might be bad for gold but it's still looking solid. NOTE: if it breaks the right shoulder low this trade may be invalidated
OANDA:XAUUSDLong
by CryptoVik
QML pattern Quasimodo | SMART MONEY CONCEPTHello all. Today we will talk about the reversal pattern "Quasimodo" or QML. Schematically it looks like this: The price moves in the trend, in POI the structure breaks and after that, the price can not update the previous HH and the downward movement continues (consider a schematic example). In this example, after the breakdown of the structure, the price reverses to soften and remove internal liquidity, after which a reversal occurs. This is done in order to close a losing position at the expense of those who put their stop losses behind the maximum of the substructure. There are many names for this pattern, such as three tap setup, but I'm more accustomed to calling it quasimodo. If you like, it's a reworked version of the "head and shoulders" pattern, but in this case you're focusing on the price action instead of the picture. Criteria for QML formation 1. Use it in HTF POI 2. Watch HTF POI 3.Watch the price action. 4. Premium or Discount zone To use the pattern effectively, you must analyze the chart of all TFs. And use the pattern as an entry model. For example, the daily TF is bearish. The price is in the premium zone, as well as on the H1 TF began an uptrend, a full of bullish trend in the lower TF, after which we see that the substructure (red) has changed from a rising to a descending. And thus, we expect a continuation of the downtrend. Important Don't use this pattern in terms of "drawing". They can draw anything on the chart. I recommend to look for POI in POI of higher TFs. An additional factor could be substructure fluctuations before FWG or OB. You need to see how the price behaves after their update. Where to put a stop loss The first option is a stop-loss for a local FVG/OB The second - above swing high of substrucutre Third - above the HTF point of interest, if your RR allows it EXAMPLE After updating the all-time high, the daily structure was broken. Then price consolidated, it was worth waiting for the manipulation. It was possible to enter from HTF POI - aggressive entry, but it was possible to wait for confirmation on the LTF (as I do). I'm expect bullish OF on 4H chart to HTF POI (2D ob) This "entry into position" is shown as an example, so that you can form an understanding of how to act in this or that situation. In conclusion, the more factors you take into account in your analysis, the higher the probability of working out of the pattern. Also, it's up to you to choose what kind of stop loss you will use. There is no right and wrong, everything depends on your strategy and money management. The position was opened after the second liquidity raid in the premium market. I hope it was helpful to you. Thank you for your attention
Education
by Patronofbargain
#BNB REACH TO $45 ... SEE THIS ANALYSIShello guys... i know we are holders and its hard to analysis our cryptocurrencies this way but we should see it clearly, all sign show bearish movement at market! unfortunately... bnb had formed a QM pattern and there is a chance to get back to QML.. that level is good for getting a short position or selling your bnb... but maybe this crypto currency do not make a retrace movement and fall from here! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Short
by melikatrader94
10
COST, Bearish Quasimodo pattern is beautifully forming !COST is showing nicely a very popular price action Quasimodo pattern . Quasimodo pattern is also called Over-Under pattern. It is simply formed by series of Highs and lows as shown on the chart. Sell zone (568-571 USD) was shown on the chart for COST. In addition to strong static resistance of pattern we also have 0.786 Retracement level of the last major decline in this zone. Moreover, Pull back to broken up trend line might be completed at mentioned Sell zone. It is also worth to note, All indicators will be extremely overbought if COST can reach to shown sell zone. As Quasimodo pattern has been proved to be of high probability success , we certainly keep COST in our short watch list but do not jump into trade blindly. As always we need a reversal trigger at sell zone to open our position . Take profit targets are also shown on the chart by green lines. The reference of the inserted picture was shown on the chart . You can find many other pics and examples simply by googling " Quasimodo pattern ". Good luck everybody.
NASDAQ:COST
by SaeedSajedi
27