Bitcoin Bearish QuasimodoHello friends,
Had a little time on my hands so just practising on Quasimodo patterns. Bitcoin looks like its setting up for a nice bearish Quasimodo pattern. Textbook SL is above the HH.
Cheers!
Quasimodo
GBPUSD Quasimodo Set Upif u watch M15 there are quasimodo level, like this post and follow me then i will update for the best entry opportunity.
BTC short term bounce possibility Let me begin by dissecting the higher time frames to set context to this idea.
Quarterly
Price broke through the high and has since then retraced to the .5 level forming a possible higher low. For macro trend change and confirmation of the higher low we would have to see a higher high form next.
Monthly
We formed a (marginally) higher high on the monthly which is a first bullish sign. Next price would have to print a higher high, ideally in the blue zone for max R:R (lines up nicely with bottom of the weekly range and the daily consolidation below). If we break the low on the monthly well..
Weekly
Looks like a bullish quasimodo pattern to me. If it is then we typically see price returning to the range low before further upside. However we could see a retracement first and if we do this would be a good spot for it. Price is at weekly support and range EQ. A weekly close tomorrow above the range EQ would support this idea.
Daily
Not much to add on the daily. If we do go up from here I'm looking at 9200 area for my first TP (daily S/R) and the untested base around 9700 for full exit / dream short opp.
H4
Price SFP'ed into an untested base and RSI is showing a bullish divergence (volume is lacking as it is the weekend but the pattern is there nevertheless). The is a slight risk that we go for a three drive pattern into the untested daily block but I'm taking my chances here. Entered on low risk and looking to add on the way up.
Last note: i use candle closes to identify breaks in MS. That way I can easily visualise breaks on the line chart, even when breaks are tiny (for example because of low volume during weekends). Offcourse you can use candle highs and lows as well as long as you're consistent with it.
NZDUSD BULLISH QUASIMODONZDUSD has came down to an area or support rejecting price, creating a Weekly Quasimodo pattern insinuating bullish run. Otherwise known as head and shoulders.
EUR/CHF: Quasimodo Pattern for Buy PositionThe EUR/CHF price has a nice rally in the last couple of hours,
This rally creates also Quasimodo pattern which is a reversal pattern.
The right level to buy EUR/CHF is the demand below, if the price reaches there I'll buy.
The final target will be the supply above.
EURCHF EURCHF is trading withing a weekly Gap demand zone and approaching the market threshold (MTH).
Two scenarios can happen, Price could react on the MTH of the weekly Demand zone to retest the Daily DBD Supply zone which has a Quasimodo.
pattern.
Two entries are possible for a buy,
1. Buy at the MTH or,
2. Buy stop at the break of the H4 trendline
AUDUSD Combining Quasimodo and Supply Demand Analytic!By combining quasimodo techniques with supply and demand analysis. We get potential SELL on AUDUSD.
Best Regards,
Don_Hawkish
EUR/GBP: Quasimodo level for buy positionAs we can see in the H4 chart, the price creates a fresh demand below which also Quasimodo pattern.
This demand has changed the bearish momentum to bullish momentum,
As it seems now, the price tends to reach the supply - 1 and maybe even the Supply level - 2.
If the price retraces the demand below I'll buy there,
My first target will be supply level - 1 and the final target is supply level - 2.
USD/JPY - Intraday Key LevelsThe USD/JPY price created a fresh demand below,
This demand also creates a Quasimodo pattern which is a reversal pattern
I'll buy at this demand on the first touch of the price and the target will be the supply above which also a great level for sell position.
Both options are relevant for day trading.
DXY with trading direction into Qm area DXY found support on a flip area now going north in direction of a QM area i would love to see some PA in giving dollar some bearish flavor ;-)
so ltf is the place to trade in direction of qm area if when we arrive there i would look for a short signs and set ups
GBP NZD QM Ping Pongafter playing Ping Pong between 2 great respected QM zones on daily chart we break through the upper qm zone and now using it as support area... for me its more likely that we go further in trend dircetion so i look for a long entry here ...the thing i dont like is that we tested the broken zone from above several times now and iam a bit afraid of the fact that all orders already been absorbt here ...so in case we break below ,close below and price shows singns of weakness i would think about a short but so long iam a bull here and look for ltf long entry
What do you think about CADJPY?we have structure here... what do you think guys? Buy on demand after break compression pattern? or BUY on breakout 82.585?
audusd more long likely for aud usd i see more bulls come in to push price into area of qm and supply ..if we reach it we look for short opportunity ...i would look for ltf long set ups and trade it to the mentioned level
Nzd Jpy Qm h1 Quasimodo zone for nzd jpy lets see if we can get a quicky ...bad thing is we are retesting a broken qm zone from h4 tf ...so we are trading against trend ..lets be quick in and out no tricks ..waiting for candle confirmation to enter ...
Aud Cad Quasimodo Level reached after violating some house rules here is the chart again ..this time in the right language :-)
we reached qm level and i wanna see reaction or break and retest ... tomorrow cad news will give fuel
EURUSD can it fly away to the top?Quasimodo setup for EURUSD. We can see clearly, where in this structure, we can find the quasimodo level for selling transactions. Also we found the quasimodo structure for buying transactions. we can make a trade after the pullback to the demand zone. and we have profit margins to supply zone at 1.11924 to 1.12500.
A bull is always to recon with, NASDQ technical technique trendline , SnR priceastion was the remedy to get us to my simplified technical analysis.
bullish sentiment ts have been underlying this indie since the beginning of time.
the US stocks have been rallying since this quoter.
KIOKumba Iron Ore looks very bullish as it has just hit the Lower Low, look for buy entries with tight SL and target towards the QML where the Sell orders will be waiting
BTC/USD – Significant Rally Creates Fresh DemandAs we can see the price creates a fresh demand at the end of the past week.
This demand is also a Quasimodo level.
In addition, we can see the MACD divergence.
That cofluence of MACD divergence and fresh demand (Quasimodo) creates a great setup for buy position.
The entry-level will be the demand below and the target will be the resistance above.
