NMRUSDT 15m · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 22:15 UTC · forecast for NMRUSDTTimeline
- Liquidity formed: local low 11.833 (left shoulder)
- Structural high 11.955 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 11.784 confirmed
- CHoCH: close above the structural high 11.955. Quasimodo confirmed
Why this setup was found
First the market formed a local low 11.833 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 11.784, which is 0.04900 (0.58 ATR) below the left shoulder.
Then price closed above the previous structural high 11.955 (close 11.967). This is a bullish CHoCH: a change of market character.
The left shoulder zone (11.833–11.895) became the QML level: price often returns here before continuing the move.
A fresh bullish order block overlaps QML by 45%: big players already built positions in this zone.
Untouched bullish imbalance (FVG) overlaps QML by 87%.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bullish (supports the idea).
On the break candle aggressive buyers dominated (57% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.