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ETHUSDT 4h · Quasimodo · short

PRICE IN THE QML ZONEOpen · updated 06.10 16:00 UTC · forecast for ETHUSDT
QML (entry zone)Imbalance (FVG)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local high 2,721.4 (left shoulder)
  • Structural low 2,671.1 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 2,779 confirmed
  • CHoCH: close below the structural low 2671.1. Quasimodo confirmed
  • Price is approaching QML
  • Price entered the QML zone

Why this setup was found

First the market formed a local high 2,721.4 (left shoulder). Stop orders piled up above it, that is, liquidity.

Then price took that liquidity: the head reached 2,779, which is 57.610 (1.57 ATR) above the left shoulder.

Then price closed below the previous structural low 2,671.1 (close 2,666.7). This is a bearish CHoCH: a change of market character.

The left shoulder zone (2,695.2–2,721.4) became the QML level: price often returns here before continuing the move.

Filled bearish imbalance (FVG) overlaps QML by 71%.

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

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

On the break candle aggressive sellers dominated (55% of volume).

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

Now: price entered the QML zone.

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

Confirmations and contradictions

Liquidity takenConfirmation
Equal highsConfirmation
Change of character (CHoCH)Confirmation
Imbalance (FVG) in the QML zoneConfirmation
1d: structure is bullishAgainst
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
No absorption at QMLAgainst
Footprint (from trades)Unknown