we can see a successful divergence, the price did a higher high forming a Quasimodo pattern
usually when a Quasimodo pattern is formed in a Down trend or an Uptrend the price do a pullback or reversal
if the price goes down to where the arrow, price will have potential to go up
usually when a Quasimodo pattern is formed in a Down trend or an Uptrend the price do a pullback or reversal
if the price goes down to where the arrow, price will have potential to go up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.