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XAUUSDT 5m · Quasimodo · long

WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:30 UTC · forecast for XAUUSDT
QML (entry zone)Imbalance (FVG)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local low 4,124.1 (left shoulder)
  • Structural high 4,128.8 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 4,117.9 confirmed
  • CHoCH: close above the structural high 4128.8. Quasimodo confirmed

Why this setup was found

First the market formed a local low 4,124.1 (left shoulder). Stop orders piled up below it, that is, liquidity.

Then price took that liquidity: the head reached 4,117.9, which is 6.270 (1.93 ATR) below the left shoulder.

Then price closed above the previous structural high 4,128.8 (close 4,131.9). This is a bullish CHoCH: a change of market character.

The left shoulder zone (4,124.1–4,125.5) became the QML level: price often returns here before continuing the move.

Untouched bullish imbalance (FVG) overlaps QML by 86%.

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

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

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

On the break candle aggressive buyers dominated (64% 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
Imbalance (FVG) in the QML zoneConfirmation
15m: structure is bullishConfirmation
1h: structure is bullishConfirmation
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown