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SKHYNIXUSDT 4h · Quasimodo · long

WAITING FOR A RETURN TO QMLOpen · updated 06.10 16:00 UTC · forecast for SKHYNIXUSDT
QML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • 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.

Confirmations and contradictions

Liquidity takenConfirmation
Equal lowsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
1d: structure is bullishConfirmation
Delta against the breakAgainst
CVD divergence at the headConfirmation
Absorption at QMLUnknown
Footprint (from trades)Unknown