RLCUSDT 1d · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 00:00 UTC · forecast for RLCUSDTTimeline
- Liquidity formed: local low 0.2645 (left shoulder)
- Structural high 0.2900 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.2581 confirmed
- CHoCH: close above the structural high 0.2900. Quasimodo confirmed
Why this setup was found
First the market formed a local low 0.2645 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.2581, which is 0.006400 (0.34 ATR) below the left shoulder.
Then price closed above the previous structural high 0.2900 (close 0.2978). This is a bullish CHoCH: a change of market character.
The left shoulder zone (0.2645–0.2765) became the QML level: price often returns here before continuing the move.
Filled bullish imbalance (FVG) overlaps QML by 11%.
There were equal lows nearby: they were what price hunted.
On the break candle aggressive buyers dominated (51% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.