SKHYNIXUSDT 5m · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:30 UTC · forecast for SKHYNIXUSDTTimeline
- Liquidity formed: local high 1,341.4 (left shoulder)
- Structural low 1,335.2 confirmed
- Price took out the liquidity beyond the left shoulder
- Price took out the liquidity beyond the left shoulder
- Head 1,342.4 confirmed
- CHoCH: close below the structural low 1335.2. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local high 1,341.4 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1,342.4, which is 1.040 (0.51 ATR) above the left shoulder.
Then price closed below the previous structural low 1,335.2 (close 1,333). This is a bearish CHoCH: a change of market character.
The left shoulder zone (1,340.3–1,341.4) became the QML level: price often returns here before continuing the move.
There were equal highs nearby: they were what price hunted.
Structure on 15m: bearish (supports the idea).
Structure on 1h: bearish (supports the idea).
On the break candle aggressive sellers dominated (52% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.