FILUSDT 15m · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:45 UTC · forecast for FILUSDTTimeline
- Liquidity formed: local high 1.197 (left shoulder)
- Structural low 1.174 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1.211 confirmed
- CHoCH: close below the structural low 1.174. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local high 1.197 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1.211, which is 0.01430 (1.25 ATR) above the left shoulder.
Then price closed below the previous structural low 1.174 (close 1.164). This is a bearish CHoCH: a change of market character.
The left shoulder zone (1.188–1.197) became the QML level: price often returns here before continuing the move.
Partially filled bearish imbalance (FVG) overlaps QML by 100%.
Structure on 1h: bearish (supports the idea).
On the break candle aggressive sellers dominated (66% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.