NEARUSDT 15m · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:30 UTC · forecast for NEARUSDTTimeline
- Liquidity formed: local low 4.762 (left shoulder)
- Structural high 4.824 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 4.731 confirmed
- CHoCH: close above the structural high 4.824. Quasimodo confirmed
Why this setup was found
First the market formed a local low 4.762 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 4.731, which is 0.03100 (0.95 ATR) below the left shoulder.
Then price closed above the previous structural high 4.824 (close 4.858). This is a bullish CHoCH: a change of market character.
The left shoulder zone (4.762–4.776) became the QML level: price often returns here before continuing the move.
A fresh bullish order block overlaps QML by 57%: big players already built positions in this zone.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bearish (against this idea).
On the break candle the aggressive flow went against the break (50% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.