ETHUSDT 1d · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 00:00 UTC · forecast for ETHUSDTTimeline
- Liquidity formed: local low 1,670.6 (left shoulder)
- Structural high 1,779 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,510.9 confirmed
- CHoCH: close above the structural high 1779.0. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local low 1,670.6 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,510.9, which is 159.7 (1.81 ATR) below the left shoulder.
Then price closed above the previous structural high 1,779 (close 1,779.9). This is a bullish CHoCH: a change of market character.
The left shoulder zone (1,670.6–1,710.2) became the QML level: price often returns here before continuing the move.
Untouched bullish imbalance (FVG) overlaps QML by 58%.
There were equal lows nearby: they were what price hunted.
On the break candle aggressive buyers dominated (51% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.