RLCUSDT 1h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:00 UTC · forecast for RLCUSDTTimeline
- Liquidity formed: local low 0.3240 (left shoulder)
- Structural high 0.3353 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.3211 confirmed
- CHoCH: close above the structural high 0.3353. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local low 0.3240 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.3211, which is 0.002900 (0.54 ATR) below the left shoulder.
Then price closed above the previous structural high 0.3353 (close 0.3357). This is a bullish CHoCH: a change of market character.
The left shoulder zone (0.3240–0.3268) became the QML level: price often returns here before continuing the move.
A fresh bullish order block overlaps QML by 11%: big players already built positions in this zone.
Partially filled bullish imbalance (FVG) overlaps QML by 14%.
There were equal lows nearby: they were what price hunted.
Structure on 4h: bullish (supports the idea).
On the break candle the aggressive flow went against the break (39% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.