Quasi Pattern

Quasi Pattern is a pattern which very often occurs when exhaustion of a current trend. It is noticeable practically on every time interval and its main advantages are high repeatability and ease of detection. A typical Quasi Pattern is presented in the following figure:

As you can see, th example above shows an exhaustion of a downtrend ended with a quasi pattern. Look how this pattern exactly looks like:

1. Price makes a local low (or high) (1)

2. Then it retraces and makes a new high (or low) (2)

3. Next, price goes down and stops, making a new lower low (or higher high) (3)

4. Then it goes up again and makes a new higher high (or lower low) (4)

5. Our entry point is the level definied by the local low (high) from the point 1 (5)

In this example price changed its trend after a quasi pattern had occured however it’s not always like that. Quasi pattern can be treated like a consolidation after which the previous trend continues, so be aware that the rebound at point 5 does’t need to bring a huge amount of pips.

Here are some more examples of this pattern (notice that it :

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