Description
The Quasimodo pattern, a rare reversal signal, marks the end of an uptrend with three peaks and two valleys: the middle peak tops out, flanked by two equal-height peaks. Known for its high win rate, it’s a trader’s gem. Spot more signals by running a Quasimodo indicator on a VPS with notifications enabled.
Quasimodo Trading Setup
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- Entry: Enter at the left shoulder level after a pullback, where unfilled orders sit. Boost accuracy with a supply/demand zone.
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- Stop Loss: Set above the higher high (bearish) or below the lower low (bullish).
- Take Profit: Aim for the recent lower low (bullish) or higher high (bearish).
