MUUSDT 5m · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 04.11 01:10 UTC · forecast for MUUSDTTimeline
- Liquidity formed: local high 870.6 (left shoulder)
- Structural low 866.8 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 874 confirmed
- CHoCH: close below the structural low 866.8. Quasimodo confirmed
Why this setup was found
First the market formed a local high 870.6 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 874, which is 3.420 (1.11 ATR) above the left shoulder.
Then price closed below the previous structural low 866.8 (close 861.7). This is a bearish CHoCH: a change of market character.
The left shoulder zone (869.9–870.6) became the QML level: price often returns here before continuing the move.
Partially filled bearish imbalance (FVG) overlaps QML by 23%.
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 (54% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.