SPCXUSDT 5m · Quasimodo · long
PRICE IN THE QML ZONEOpen · updated 06.10 18:45 UTC · forecast for SPCXUSDTTimeline
- Liquidity formed: local low 171.8 (left shoulder)
- Structural high 172.4 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 171.1 confirmed
- CHoCH: close above the structural high 172.4. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
Why this setup was found
First the market formed a local low 171.8 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 171.1, which is 0.7200 (2.19 ATR) below the left shoulder.
Then price closed above the previous structural high 172.4 (close 174.1). This is a bullish CHoCH: a change of market character.
The left shoulder zone (171.8–172) became the QML level: price often returns here before continuing the move.
Filled bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
Structure on 15m: bearish (against this idea).
Structure on 1h: bullish (supports the idea).
On the break candle aggressive buyers dominated (58% of volume).
There was no absorption on the candle that returned to QML.
Now: price entered the QML zone.
This is a scenario built from market data, not a guarantee of the result.