RLCUSDT 15m · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:00 UTC · forecast for RLCUSDTTimeline
- Liquidity formed: local low 0.5251 (left shoulder)
- Structural high 0.5656 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.5187 confirmed
- BOS: close above the structural high 0.5656. Quasimodo confirmed
Why this setup was found
First the market formed a local low 0.5251 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.5187, which is 0.006400 (0.25 ATR) below the left shoulder.
Then price closed above the previous structural high 0.5656 (close 0.5708). This is a bullish BOS: a break of structure.
The left shoulder zone (0.5251–0.5393) became the QML level: price often returns here before continuing the move.
A fresh bullish order block overlaps QML by 77%: big players already built positions in this zone.
Filled bullish imbalance (FVG) overlaps QML by 39%.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bearish (against this idea).
On the break candle aggressive buyers dominated (54% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.