NMRUSDT 4h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:00 UTC · forecast for NMRUSDTTimeline
- Liquidity formed: local low 7.963 (left shoulder)
- Structural high 8.083 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 7.802 confirmed
- CHoCH: close above the structural high 8.083. Quasimodo confirmed
Why this setup was found
First the market formed a local low 7.963 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 7.802, which is 0.1610 (2.04 ATR) below the left shoulder.
Then price closed above the previous structural high 8.083 (close 8.292). This is a bullish CHoCH: a change of market character.
The left shoulder zone (7.963–8.039) became the QML level: price often returns here before continuing the move.
Untouched bullish imbalance (FVG) overlaps QML by 71%.
There were equal lows nearby: they were what price hunted.
Structure on 1d: bullish (supports the idea).
On the break candle the aggressive flow went against the break (44% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.