Timeline
- Liquidity formed: local low 248.5 (left shoulder)
- Structural high 251.1 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 248.4 confirmed
- BOS: close above the structural high 251.1. Quasimodo confirmed
- Price entered the QML zone
- Idea cancelled: Close below the head (248.3)
Why this setup was found
First the market formed a local low 248.5 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 248.4, which is 0.1600 (0.09 ATR) below the left shoulder.
Then price closed above the previous structural high 251.1 (close 251.8). This is a bullish BOS: a break of structure.
The left shoulder zone (248.5–249.6) became the QML level: price often returns here before continuing the move.
There were equal lows nearby: they were what price hunted.
Structure on 15m: bullish (supports the idea).
Structure on 1h: bearish (against this idea).
On the break candle aggressive buyers dominated (62% of volume).
There was no absorption on the candle that returned to QML.
Result: the idea was cancelled.
This is a scenario built from market data, not a guarantee of the result.