ORCAUSDT 1d · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 00:00 UTC · forecast for ORCAUSDTTimeline
- Liquidity formed: local low 1.342 (left shoulder)
- Structural high 1.497 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1.279 confirmed
- CHoCH: close above the structural high 1.497. Quasimodo confirmed
Why this setup was found
First the market formed a local low 1.342 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1.279, which is 0.06300 (0.60 ATR) below the left shoulder.
Then price closed above the previous structural high 1.497 (close 1.514). This is a bullish CHoCH: a change of market character.
The left shoulder zone (1.342–1.402) became the QML level: price often returns here before continuing the move.
Filled bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
On the break candle the aggressive flow went against the break (49% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.