NVDAUSDT 15m · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:45 UTC · forecast for NVDAUSDTTimeline
- Liquidity formed: local low 234.8 (left shoulder)
- Structural high 234.9 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 234.7 confirmed
- CHoCH: close above the structural high 234.9. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local low 234.8 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 234.7, which is 0.1000 (1.45 ATR) below the left shoulder.
Then price closed above the previous structural high 234.9 (close 235). This is a bullish CHoCH: a change of market character.
The left shoulder zone (234.8–234.9) became the QML level: price often returns here before continuing the move.
Untouched bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bearish (against this idea).
On the break candle the aggressive flow went against the break (46% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.