Quasimodo Pattern/Over and Under

This Pdf is a guidance about QM(Quasimodo) from The North God

The Quasimodo Pattern is relatively an old entrant of technical analysis in the financial markets.
The Quasimodo Pattern is a commonly occurring theme that is more frequent when price
carves a top or bottom or when price begins a major correction to the trend.

QM Pattern might seem actually very simple. This trading pattern or method is extremely
powerful because when it occurs, in most cases traders will notice a confluence with other
methodologies of analyzing. For example, when a trader spots a QM pattern at a
supply/demand it increases the confidence of the trader or the trading probability.
QM Pattern is not a trading strategy but more of a confluence that can be used to confirm a
trader’s bias.
QM pattern doesn’t appear all the time, but when it does, traders can be sure that the market
offers a high probability set up.

What is the Quasimodo (Over and Under) Pattern?

A QM Pattern is simply a series of highs/lows and higher highs or lower lows

Quasimodo Bearish Set Up

 There should be a prior uptrend in the markets.

 Price makes a new high, declines and makes a new local low.
 Price then rallies above the previous high to mark a new higher high.
 Price then fails to form a new lower low.
 Price then moves up to the initial high but does not make a new higher high.

The 5th point is the set-up trigger for our short’s positions.

Quasimodo Bullish Set Up

 There should be a prior downtrend in the markets.

 Price makes a new low then makes a small rally and forms a local high.
 Price then declines to form a new lower low taking out the previous low.
 Price then rallies to make a new higher high then declines.
 The final decline is equal to the first low.

The 5th point is the set-up trigger for our long positions.

Quasimodo Bearish Scenario Example

NB : This is a reversal pattern so price must be in a uptrend for this schematic to take place

So let’s look for bullish example

NB : This is a reversal pattern so price must be in a downtrend for this schematic to take place

That’s the basic of QM , no mentor came up with any trading tools and said they are 100%
accurate so you use this , you lose or you win that’s all onto you buddy Good Luck.
Conclusion: As you can see all the above examples about the Quasimodo or Over and Under
pattern is relatively a simple pattern, which when used in conjunction with other trading
strategies or signals offers a great way to increase the probability of a trade set Up.

@the_northgod
https://t.me/smartmoneywithnorthgod
Recommended broker
https://my.ifxbrokers.com/live_signup?sidc=7C36B8F1-2085-431B-94FF-88C5466DFC39