OrderBlock.net

RLCUSDT 5m · Quasimodo · short

WAITING FOR A RETURN TO QMLOpen · updated 06.10 18:45 UTC · forecast for RLCUSDT
QML (entry zone)Order blockTap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local high 0.8889 (left shoulder)
  • Structural low 0.8603 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 0.8986 confirmed
  • CHoCH: close below the structural low 0.8603. Quasimodo confirmed

Why this setup was found

First the market formed a local high 0.8889 (left shoulder). Stop orders piled up above it, that is, liquidity.

Then price took that liquidity: the head reached 0.8986, which is 0.009700 (0.32 ATR) above the left shoulder.

Then price closed below the previous structural low 0.8603 (close 0.8283). This is a bearish CHoCH: a change of market character.

The left shoulder zone (0.8752–0.8889) became the QML level: price often returns here before continuing the move.

A fresh bearish order block overlaps QML by 5%: big players already built positions in this zone.

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

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

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

On the break candle aggressive sellers dominated (58% 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 highsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
Fresh bearish order block at QMLConfirmation
15m: structure is bearishConfirmation
1h: structure is bearishConfirmation
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown