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Quasimodo
CREATED: MONDAY, 31 DECEMBER 2012

The Quasimodo is a beautiful and powerful Price Action structure.

It gives a big sign that the big money is ready to change price direction. It often serves to trick the
uninitiated into giving up good positions to them, allowing them to get big orders lled.

We look for them at areas of Supply and Demand, where we look for all our trades, and use them as
con rmation that price has turned, due to the engulf that occurs in their formation
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A QM doesn't need to form all at once either

Here's a video of one which took many months to form - it was also one of my favourite trades ever

https://mega.nz/#!pMQF1apB!2sDxCvfkWEul0dXEh3n-ises2m4sY3OckRBrUHyKZMM (password: RTM2018)

Homework:

Find at least 60 QMs through history and le them. Mark the zones they're reacting to, and where price went to next.

They can be in any TF, any pair. Find ones that worked, and ones that failed. You'll learn from both
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