RLCUSDT 4h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:00 UTC · forecast for RLCUSDTTimeline
- Liquidity formed: local low 0.3596 (left shoulder)
- Structural high 0.3795 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.3589 confirmed
- CHoCH: close above the structural high 0.3795. Quasimodo confirmed
Why this setup was found
First the market formed a local low 0.3596 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.3589, which is 0.0007000 (0.06 ATR) below the left shoulder.
Then price closed above the previous structural high 0.3795 (close 0.3817). This is a bullish CHoCH: a change of market character.
The left shoulder zone (0.3596–0.3664) became the QML level: price often returns here before continuing the move.
A fresh bullish order block overlaps QML by 9%: big players already built positions in this zone.
Untouched bullish imbalance (FVG) overlaps QML by 40%.
There were equal lows nearby: they were what price hunted.
Structure on 1d: bullish (supports the idea).
On the break candle the aggressive flow went against the break (49% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.