The best time to trade the Quasimodo pattern is after a significant rally or sell-off no matter the time frame used. Usually, the point of entry for the HS pattern is the break of the neckline, but with the Quasimodo pattern, we put an entry order near the left shoulder.īasically, Quasimodo is an advanced pattern of Head and Shoulder.Ī key question that is asked by many traders is how we determine when to trade the Quasimodo chart setup? When to Trade Quasimodo Trading Setup? The second major difference between the two reversal patterns is the point of entry. Instead, you'll need to use advanced trading indicators. In this regard, it’s not going to be that easy to identify with your naked eye the Quasimodo forex chart pattern. That’s where the Quasimodo name is derived from – aka the “malformed” second valley, which depicts a crooked Head and Shoulder pattern. The Quasimodo price structure doesn’t stand out compared to the HS pattern. With the Head and Shoulder pattern, both valleys are more or less of the same scale. The main difference between the Quasimodo pattern and the Head and Shoulder pattern is the left leg (second valley) of Quasimodo is much lower than the right leg (first valley).
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