XAGUSDT 1d · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 00:00 UTC · forecast for XAGUSDTQML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below
Timeline
- Liquidity formed: local low 56.710 (left shoulder)
- Structural high 59.410 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 56.680 confirmed
- CHoCH: close above the structural high 59.410. Quasimodo confirmed
Why this setup was found
First the market formed a local low 56.710 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 56.680, which is 0.03000 (0.02 ATR) below the left shoulder.
Then price closed above the previous structural high 59.410 (close 59.540). This is a bullish CHoCH: a change of market character.
The left shoulder zone (56.710–57.340) became the QML level: price often returns here before continuing the move.
There were equal lows nearby: they were what price hunted.
On the break candle aggressive buyers dominated (51% 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
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown