Hi, I call this pattern an "Up and Under" (I'm a rugby fan) but you may have seen it with other names, "Quasimodo" on RTM, or as an "Over and Under pattern" explained very well by Steve at NBT.
Call it whatever you want, but if you're looking for a price pattern to trade you might want to give it a look.
It's a very simple pattern so it's easier if I explain by charts, but obviously there are discretionary variables with the pattern that will be different for every trader so this thread is really a 'pattern promo' if you like, then you guys find out what works for you and hopefully go make some money.
I hope traders who already trade this pattern will share their insights.
I've tried to use recent PA in these examples, I use the M30.
The charts
Call it whatever you want, but if you're looking for a price pattern to trade you might want to give it a look.
It's a very simple pattern so it's easier if I explain by charts, but obviously there are discretionary variables with the pattern that will be different for every trader so this thread is really a 'pattern promo' if you like, then you guys find out what works for you and hopefully go make some money.
I hope traders who already trade this pattern will share their insights.
I've tried to use recent PA in these examples, I use the M30.
The charts