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BNBUSDT 5m · Quasimodo · short

PLAYED OUTClosed · updated 06.10 16:00 UTC · forecast for BNBUSDT
QML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local high 786.8 (left shoulder)
  • Structural low 784.7 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 786.8 confirmed
  • BOS: close below the structural low 784.6. Quasimodo confirmed
  • Price is approaching QML
  • Price entered the QML zone
  • Idea played out: After touching QML price closed below the structural level 784.6

Why this setup was found

First the market formed a local high 786.8 (left shoulder). Stop orders piled up above it, that is, liquidity.

Then price took that liquidity: the head reached 786.8, which is 0.01000 (0.01 ATR) above the left shoulder.

Then price closed below the previous structural low 784.7 (close 784.6). This is a bearish BOS: a break of structure.

The left shoulder zone (786.6–786.8) became the QML level: price often returns here before continuing the move.

There were equal highs nearby: they were what price hunted.

Structure on 15m: bearish (supports the idea).

Structure on 1h: bullish (against this idea).

On the break candle aggressive sellers dominated (70% of volume).

There was no absorption on the candle that returned to QML.

Result: the pattern played out and is closed for tracking.

This is a scenario built from market data, not a guarantee of the result.

Confirmations and contradictions

Liquidity takenConfirmation
Equal highsConfirmation
15m: structure is bearishConfirmation
1h: structure is bullishAgainst
Delta confirms the breakConfirmation
CVD divergence at the headConfirmation
No absorption at QMLAgainst
Footprint (from trades)Unknown