Tag: Technical analysis trading

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23 Mar 2018

The Quasimodo Pattern

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Updated July 2020 Support and resistance, or market structure, is considered a foundation for most trading strategies. Several methods exist to identify support and resistance levels. One approach, however, calls for attention: the Quasimodo pattern, or QM. The QM is a straightforward configuration, offering both bullish and bearish scenarios. As demonstrated in figure A, you … Continue reading The Quasimodo Pattern

28 Apr 2017

Harmonic Patterns: What is an AB=CD Formation?

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Updated November 2020 All financial markets create trends and identifiable patterns. At first glance, harmonic configurations may seem puzzling, even mysterious. Harmonic patterns, however, are established through clear price structure and Fibonacci measurements. The concept of harmonics, according to research, were first introduced by H.M. Gartley in his book Profits in the Stock Market, originally … Continue reading Harmonic Patterns: What is an AB=CD Formation?