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ORCAUSDT 5m · Quasimodo · long

WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:30 UTC · forecast for ORCAUSDT
QML (entry zone)Imbalance (FVG)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local low 2.541 (left shoulder)
  • Structural high 2.589 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 2.487 confirmed
  • CHoCH: close above the structural high 2.589. Quasimodo confirmed
  • Price is approaching QML

Why this setup was found

First the market formed a local low 2.541 (left shoulder). Stop orders piled up below it, that is, liquidity.

Then price took that liquidity: the head reached 2.487, which is 0.05400 (1.42 ATR) below the left shoulder.

Then price closed above the previous structural high 2.589 (close 2.645). This is a bullish CHoCH: a change of market character.

The left shoulder zone (2.541–2.564) became the QML level: price often returns here before continuing the move.

Partially filled bullish imbalance (FVG) overlaps QML by 100%.

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

Structure on 15m: bullish (supports the idea).

Structure on 1h: bullish (supports the idea).

On the break candle aggressive buyers dominated (52% of volume).

Now: waiting for price to return to QML.

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

Confirmations and contradictions

Liquidity takenConfirmation
Equal lowsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
Imbalance (FVG) in the QML zoneConfirmation
15m: structure is bullishConfirmation
1h: structure is bullishConfirmation
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown