Timeline
- Liquidity formed: local low 102.1 (left shoulder)
- Structural high 102.2 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 102.1 confirmed
- CHoCH: close above the structural high 102.2. Quasimodo confirmed
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 102.2
Why this setup was found
First the market formed a local low 102.1 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 102.1, which is 0.06000 (1.47 ATR) below the left shoulder.
Then price closed above the previous structural high 102.2 (close 102.2). This is a bullish CHoCH: a change of market character.
The left shoulder zone (102.1–102.2) became the QML level: price often returns here before continuing the move.
Partially 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: bearish (against this idea).
On the break candle aggressive buyers dominated (94% of volume).
There was no absorption on the candle that returned to QML.
Result: the pattern played out and is closed for tracking.
This is a scenario built from market data, not a guarantee of the result.