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Quasimodo

BTC made Lower High and ZIL is making QuasimodoI compare ZIL with BTC. Zil jumped so high when BTC was moving positively. It seems now ZIL smart money will distribute. The distribution phase will happen. If you see the volume, you will realize the decreasing of the volume. If you see, the BTC failed to make Higher high. However, after the price bumped the demand zone, the price rise again. It happened to the ZIL too, the price goes to the nearer demand zone and will rise again. So when ZIL joined the rising of BTC, both BTC and ZIL will soon bump the suplpy zone; the top. I project the price of ZIL will make quasimodo pattern. So I wait in the left shoulder.
Short
by albusthami
1
Consolidation between Supply and DemandAt the point A, the imbalance happened from the base (equilibrium). The price shot high quickly to the point B. After that the price retrace to the point C. The price rose again and broke the swing high of the B. and make the higher high. After that the price got down and broke the low of C. The price dropped slower than the rally of A. So the projection of the drop is to the point of D where the demand zone lies. After that, the price will rise (at least) to the level of B creating pattern Quasimodo. For your information, Quasiomodo is like head and shoulders but with an additional requirement of left shoulder. The left shoulder should get down and break the low of the right shoulder.
by albusthami
Qm SELL : AliceusdtpIn this trading plan, I have applied the QM Pattern because, as observed from the period through Aliceusdtp, the chart was moving in a bullish trend and during the passage there was a lot of selling pressure, causing LL. Thus, it enters the Quasimodo Pattern on the Sell side. By placing the entry point at Entry 1: 68.1 Fibonacci and the position of Profit 1: is the original low and Take Profit 2 is the new lower low. Good luck everyone in trading. And this is not investment advice. It's just a market analysis.
Short
by nitirujz
GBPJPY analysis today, scalping in US sessionWe're holding short positions so, here's just scalping idea. Let's wait and see how the price reacts at these levels and plan accordingly. We need a strong reversal structure to confirma before enter long positions. If you find the article useful or interesting, Let's comment below ! ------------------------------------------ Attention about this GBPJPY analysis This is my personal idea and analysis only. Let's see it as an example or a reference. You also need your own analysis as well and manage risks.
by UnknownUnicorn33462838
GBPJPY GLOBAL SCENARIO GBPJPY is currently in an importante zone where we can go for sales for a long term trade or can go continue it's uptrend movement. If the price breaks the 158.219 level I'll be waiting for confirmation and will be analyzing for posible scenarios. Right now the pair is forming a QUASIMODO pattern that can be appreciated in 4H TF. This pattern could be the confirmation we are looking for to go on sales. Gathering all my previous analysis together, I'm having this following levels as Take Profit levels: -156.399: Quasimodo pattern -153.682: Divergence 4H -152.588: Divergence 15m -149.004: Current floor I expect to retest again -147.166: Fibonacci's 1.618 extension How am I operating this scenario: I will keep my sales with my SL above 158.219 level. If the price touches 158.218 (Quasimodo right shoulder) I'll be opening another SELL with a much more tigher SL (above 157.768, head of the Quasimodo's pattern) If the price touches all my SL, I will start looking for take profit levels above 158.219 I will be take profit on my different marked levels depending on how the pair behaves
Short
by MrSuav3