Cryptocurrency Q&A
What is the QM pattern for buy?
What is the QM pattern for buy?
Giulia
Sat Oct 12 2024
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7 answers
1548
I'm trying to understand the QM pattern specifically related to the buying process. I want to know the standard or common approach used in quality management when it comes to purchasing products or services.
7 answers
isabella_bailey_economist
Mon Oct 14 2024
The strategy for entering a buy position involves recognizing a fully formed "QM" pattern within a downtrend market. This pattern, upon completion, signals a potential reversal in the price movement.
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GwanghwamunGuardianAngel
Mon Oct 14 2024
Once the pattern is confirmed, traders anticipate a retracement to occur, which is a temporary move against the prevailing downtrend. During this retracement phase, traders keep a close eye on the left shoulder area of the "QM" pattern.
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SsamziegangSerenadeMelodyHarmony
Sun Oct 13 2024
The left shoulder area serves as a crucial reference point for traders to initiate their buy positions. It represents a level where previous selling pressure was encountered and potentially where buyers may step in again.
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Eleonora
Sun Oct 13 2024
Additionally, traders also keep an eye on the highest point achieved during the current "Swing," which refers to the price movement between two significant pivot points. Surpassing this high point would indicate a strong bullish sentiment and potentially more significant gains.
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DavidJohnson
Sun Oct 13 2024
Confirmation of the retracement reaching the left shoulder area is essential before taking the buy position. This confirmation can come in various forms, such as technical indicators or additional chart patterns aligning with the anticipated move.
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