Timeline
- Liquidity formed: local low 11.527 (left shoulder)
- Structural high 11.590 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 11.515 confirmed
- BOS: close above the structural high 11.590. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 11.590
Why this setup was found
First the market formed a local low 11.527 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 11.515, which is 0.01200 (0.22 ATR) below the left shoulder.
Then price closed above the previous structural high 11.590 (close 11.696). This is a bullish BOS: a break of structure.
The left shoulder zone (11.527–11.550) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 52%: 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 (60% of volume).
There was absorption on the candle that returned to QML: big volume, aggressive flow against the move and a close with a bounce.
Result: the pattern played out and is closed for tracking.
This is a scenario built from market data, not a guarantee of the result.