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Quasimodo

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
multi-timeframe analysis for AMZNHello guys As you see in chart, it formed a QM structure on a flip of monthly time frame, after confirming that structure started bullish movement and in way make a island pattern because of two sides gap. The last gap doesn’t fill so if we get short position, we can put target below that gap(target=$125.41). Price formed a three-drive pattern and with RSI divergence confirmed this pattern, three drive is a great approach. 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. BE PROFITABLE
NASDAQ:AMZNShort
by melikatrader94
8
Bitcoin Quasimodo & fibo time/price setup. 1/July/22.Bitcoin. Will it break below 17592.78?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are “not sure” or never / dunno where is the stop lost level) ..2) where is my #TargetProfit.. with min risk/reward ratio of 1 : 2 ( e.g risk from $1 to make $2) = this is hardly achievable In scalping/intraday trading unless you are beginner and “train yourself for shooting more bullet” OR u like giving more “commissions “ to your broker, signal provider etc....
BITSTAMP:BTCUSDLong
by SteveTan
2
Gold’s Quasimodo & fibo time/price setup. 1/July/22Gold. Will it break below 1786.50?! To be “honest”.. I”m “not sure”. (Pls dun argue with me, argue with yourself ..and Mr. Market . Thank You!) AND I will “not sure” for any of my trading setup “found” in future. BUT What I’m “sure” are 1) where is my trade setup “invalidation” level of my #StopLost ( where most indicators based/ mechanical system traders are “not sure” or never / dunno where is the stop lost level) ..2) where is my #TargetProfit.. with min risk/reward ratio of 1 : 2 ( e.g risk from $1 to make $2) = this is hardly achievable In scalping/intraday trading unless you are beginner and “train yourself for shooting more bullet” OR u like giving more “commissions “ to your broker, signal provider etc....
FX:XAUUSDLong
by SteveTan
3
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