Timeline
- Liquidity formed: local low 247.4 (left shoulder)
- Structural high 252.7 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 244.2 confirmed
- CHoCH: close above the structural high 252.7. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 252.7
Why this setup was found
First the market formed a local low 247.4 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 244.2, which is 3.170 (1.02 ATR) below the left shoulder.
Then price closed above the previous structural high 252.7 (close 256.7). This is a bullish CHoCH: a change of market character.
The left shoulder zone (247.4–249.2) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 100%: big players already built positions in this zone.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bearish (against this idea).
On the break candle aggressive buyers dominated (56% 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.