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Qm

Gold (XAU/USD) - Potential Bullish Reversahello guys. Price Action Overview: The chart shows a significant correction followed by a consolidation phase, with price touching key levels of support and resistance. Weak QM (Quasimodo) pattern identified near the top, which indicates potential weakness in the downtrend. QML (Quasimodo Line) at a lower level has held as a strong support zone, and price has rebounded from this level. Key Support and Resistance Levels: Support: The price reacted strongly from the lower diagonal trendline (QML region) and horizontal support zone, signaling buyer strength. Resistance: A key target for the bullish move is set around 2,679, indicated by the purple dashed line. Market Structure: Price is in a corrective pattern after failing to break lower support zones, showing a potential bullish reversal. "Hunted the pattern" signifies a fake-out below key support, trapping sellers before reversing upward. Risk and Reward Setup: Stop-Loss placed below the recent lows (just above 2,028), protecting against downside risk. Take-Profit target is around 2,679, aiming for a substantial upside.
OANDA:XAUUSDLong
by melikatrader94
5
GOLD → A possible breakouthello guys. Range-Bound Consolidation: The price has been consolidating within a well-defined range, as shown by the repeated tests of both the upper and lower boundaries (labeled 1 to 6). This range represents a period of indecision or accumulation. Engulfed Pattern & QML: The chart shows an "Engulfed" candle formation followed by a QML (Quasimodo Level), indicating a potential reversal pattern within the range. This suggests a shift in market sentiment that could precede a breakout. Potential Breakout Scenario: A possible breakout above the upper boundary of the range is highlighted. If the price action breaks above the current range resistance, a move towards the next significant level around $2,540 or higher could be anticipated. Key Levels to Watch: Upper Resistance: Around $2,530-$2,540, which has been tested multiple times. Lower Support: Around $2,480-$2,490, marked by the range's lower boundary. Key Points: Range-Bound Market: The price is currently in a consolidation phase, moving within a defined range. Potential Bullish Breakout: A breakout above the upper range is possible, with targets towards $2,540 or beyond. Critical Resistance and Support Levels: Watch for a break of resistance around $2,530 or a drop below support near $2,490. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDLong
by melikatrader94
10
GOLD → a possible bullish scenario Hello guys. - Bullish Trend: The chart shows an overall bullish trend with higher lows forming after a correction. - Key Resistance Levels: - QML (Quasimodo Level): A significant resistance zone that could influence the price movement. - Engulfed Zone: Another resistance area where sellers previously took control. - Support Level: - Flip Area: A strong support zone where buyers stepped in to push the price back up. - Potential Movement: - The chart suggests a bullish projection, with potential targets around 2,452.55 USD - Market Sentiment: The chart indicates a bullish bias, with the flip area being crucial for maintaining this outlook. Overall, the chart suggests a bullish scenario with the potential for further upward movement, contingent on the price action around key resistance levels. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDLong
by melikatrader94
11
An Example of QMYou've all noticed that I use RTM patterns extensively in my daily trades. Here is another example of QM. As always we have a perfect setup which was confirmed by breaking the last high with a good momentum candle. Upon retracing back to the QML, market bounces off and goes all the way back to hidden FTR. Should there be enough buyers price could continue further up to the 87.80 level which happens to be a supply zone. But there is a important thing here, make sure you check out the news because in couple hours major news will hit the NZD and this whole analysis could go other way around. Stay Tuned for further Education and analysis
by AliHassanzadeh
The possibility of a 1100 pips movement for USDJPYHello everyone, Something interesting is happening with USDJPY. On the monthly timeframe, we can observe a flag formation in the form of a purple area. ______________________________________________ Moving to the daily timeframe, we see two patterns forming in the midst of each other. I refer to them as the QM pattern and QM' pattern. ______________________________________________ With three confirmations and the presence of these patterns, I believe this is a good opportunity for a potential 1170 pip movement in this amazing pair! My suggestion is to close half of the position once the target is reached and close the remaining position at the second target. ______________________________________________ consider this----> put your stop-loss below the FL (the purple area) ______________________________________________ As always, make sure to conduct your research. If you have any questions, feel free to ask them in the comments below and I will answer them. And please don't forget to support this idea with your likes and comments.
Long
by melikatrader94
12
RTM Pattern Explained In RTM style, One of the power patterns is QM. This pattern is of reversal type and spotting correctly insures highly profitable trades taking place. How to Spot the pattern?? Let's say you are in a down trend , following should happen to have a valid setup. 1. Price makes a LL after making L. 2. Price takes out Last H and Creates HH. 3. if it breaks it strongly your chances are even huge. 4. Mark the L as your entry for long trade. What if you are on a up trend , following should take place to have a valid setup. 1. Price makes HH after making H. 2. Price takes out the last L and creates LL 3. if it breaks it strongly your chances are even huge. 4. Mark the H as your entry for Short trade.
Education
by AliHassanzadeh
2
ADA experience another downward movementhello guys... today i wanna anlaysis #ADA (ADAUSDT)... after it formed a triangle, touched the target of this pattern. it has formed a QM pattern as well therefore the gray area is a QML and suited for getting a short position until reaches the pink area. always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
17
Riding the Bullish Wave: Ethereumhello guys... For my financial analysis, I have chosen to focus on Ethereum. In my opinion, the main trend for this cryptocurrency is bullish. I have noticed that Ethereum has had a few significant price fluctuations in the past, and it has fallen below a certain range three times before rising again to new heights. I have also observed that it confirmed a "QM pattern" which indicates a continuation of the pattern. Based on my analysis, I see two potential scenarios for taking a long position in Ethereum. The first scenario is to enter the market at the current market price, while the second is to wait for the second level touch. Overall, I believe that Ethereum may be a good investment opportunity for those looking to invest in cryptocurrency. However, I would advise conducting thorough research and analysis before making any investment decisions.
Long
by melikatrader94
9