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Hello friends,
Today I'm going to talk to you about an interesting and useful pattern in trading. This pattern is called QM or Quasimodo and it is one of the famous patterns in trading. This pattern consists of a high peak (Overbalance High), then a return to a lower point and finally a movement upwards that leads to a resistance point or supply zone.
Note that the red area in the image is the supply zone for selling. After the price reached this area, my suggestion is to consider selling. Of course, it is still recommended that you test your trades with technical analysis and other strategies.
I hope this text is useful for you and I'm looking forward to your comments and suggestions. Good luck.
Today I'm going to talk to you about an interesting and useful pattern in trading. This pattern is called QM or Quasimodo and it is one of the famous patterns in trading. This pattern consists of a high peak (Overbalance High), then a return to a lower point and finally a movement upwards that leads to a resistance point or supply zone.
Note that the red area in the image is the supply zone for selling. After the price reached this area, my suggestion is to consider selling. Of course, it is still recommended that you test your trades with technical analysis and other strategies.
I hope this text is useful for you and I'm looking forward to your comments and suggestions. Good luck.
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