Timeline
- Liquidity formed: local low 1,066.9 (left shoulder)
- Structural high 1,067.6 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,065.7 confirmed
- CHoCH: close above the structural high 1067.6. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 1067.6
Why this setup was found
First the market formed a local low 1,066.9 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,065.7, which is 1.210 (3.75 ATR) below the left shoulder.
Then price closed above the previous structural high 1,067.6 (close 1,068.1). This is a bullish CHoCH: a change of market character.
The left shoulder zone (1,066.9–1,067.1) became the QML level: price often returns here before continuing the move.
Partially filled bullish imbalance (FVG) overlaps QML by 61%.
Structure on 15m: bullish (supports the idea).
Structure on 1h: bearish (against this idea).
On the break candle aggressive buyers dominated (73% 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.