0 of 20 lessons complete
Key levels · Lesson 7 of 20

QML and QMX

The Quasimodo Level (QML) is a reversal pattern. Price makes a new extreme, then a body close breaks the last swing against the trend. The old shoulder becomes the level to trade.

HTF keyQMLlast HLHHLHHshift▼ sell
Sell QML: high (H), higher low (HL), higher high (HH) into an HTF key level, then a close below the HL is the shift. Sell when price returns to the left shoulder H.
HTF keyQMLlast LHLLHLLshift▲ buy
Buy QML: the mirror. Low, lower high, lower low into an HTF key, a close above the LH is the shift, buy back at the left shoulder.

The conditions

Step by step

  1. Trend: price is making new highs (for a sell QML).
  2. The new high pushes into a previous higher-timeframe key level, ideally taking liquidity there.
  3. Shift: a body close below the last lower-timeframe higher low. Without this break there is no QML.
  4. Mark the left shoulder (the high before the new high) as the QML.
  5. Wait for price to return to the QML and look for confirmation there.

QMX

QMX = QM + a trendline (X). When a trendline crosses the QML at the same spot price returns to, you have two levels agreeing, which makes the reaction more likely.

Common mistakes

  • Calling any double top a QML. The shift through the last HL/LH is required.
  • Ignoring where the head formed. A QML away from any HTF key level is weak.

Check yourself

1. What must happen before a sell QML is valid?
2. Which level is the QML in a sell setup?
← SBR and RBS: levels that flipTrendline key →

Completion history

Nothing yet. Each time you mark a lesson complete, it is saved here, in this browser only.

Study notes in my own words, based on the MSNR "Trading Secret Algorithm" and Alchemist (White) materials. Educational only, not financial advice. Practise on a demo account and with TradingView Bar Replay before risking real money.