Quasimodo pattern teaching!!!
Hello again my bros, I'm here to teach you avery useful pattern with name"Quasimodo pattern"....The quasimodo pattern is very similar to the head and shoulder pattern.... but there are slight differences with each other.Here are the rules of this pattern:
In the case of a bullish trend, after at least two high highs and Higher Lows when a lower low will form, then the trend will reverse. It will decide either to form a ranging structure in the future or the beginning of a bearish trend.
In case of a bearish trend, after at least two lower lows and lower highs when a higher high will form then the bearish trend will reverse. Here, price will then decide either to go with a bullish trend or to form a ranging price structure.
In the case of a bullish trend, after at least two high highs and Higher Lows when a lower low will form, then the trend will reverse. It will decide either to form a ranging structure in the future or the beginning of a bearish trend.
In case of a bearish trend, after at least two lower lows and lower highs when a higher high will form then the bearish trend will reverse. Here, price will then decide either to go with a bullish trend or to form a ranging price structure.
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