Quasimodo Pattern Trading Rules
The Quasimodo trading rules for sell signals can be summarized as follow:
A prevailing uptrend needs to be visible – series of HH followed by a series of HL.
Break in the market structure – price start to make lower lows LL.
Entry Option #1 - Place a sell order near the right shoulder.
Entry Option #2 - The 50% - 61.8% Fibonacci...
Looking for a potential continuaion to the upside.
We have clear indication that institutional orders are in the market due to these lows and stop runs.
How can we use this to find high probability setups?
Institutional traders act differently to retail traders, retails don't have anywhere near the same size capital so they accept a % loss whenever they place a...
For the long terms, it seems the GBPUSD has developed a bullish momentum.
I marked 2 critical levels to look for a position, the demand below seems
Like a Quasimodo level and a great one to buy position, if the price will
Return to that level I'll buy there, my final target will be the supply above
Which is also a great level of sell position.
Those are the next critical Supply&Demand for USDCAD.
It seems that both levels holding many unfilled orders, those orders
Are waiting for the price to come back, the demand below seems like
A pattern called Quasimodo, if the price will back to that demand I'll buy
There, my target will be the supply above which is also a great level of sell
For the intraday terms the GOLD seems to be bullish,
As it looks the price tends to reach the resistance above,
If the price retrace the demand below before reaches the resistance,
It will be a great opportunity for buy position with the resistance above
As a target, the demand below is also Quasimodo level, usually, it's a
Reliable and strong pattern.