SKHYNIXUSDT 4h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 16:00 UTC · forecast for SKHYNIXUSDTTimeline
- Liquidity formed: local low 1,165.6 (left shoulder)
- Structural high 1,218.4 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,148.4 confirmed
- CHoCH: close above the structural high 1218.4. Quasimodo confirmed
Why this setup was found
First the market formed a local low 1,165.6 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,148.4, which is 17.220 (0.69 ATR) below the left shoulder.
Then price closed above the previous structural high 1,218.4 (close 1,225.2). This is a bullish CHoCH: a change of market character.
The left shoulder zone (1,165.6–1,182) became the QML level: price often returns here before continuing the move.
There were equal lows nearby: they were what price hunted.
Structure on 1d: bullish (supports the idea).
On the break candle the aggressive flow went against the break (49% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.