Timeline
- Liquidity formed: local low 8.837 (left shoulder)
- Structural high 8.908 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 8.828 confirmed
- BOS: close above the structural high 8.908. Quasimodo confirmed
- Price entered the QML zone
- Idea cancelled: Close below the head (8.828)
Why this setup was found
First the market formed a local low 8.837 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 8.828, which is 0.009000 (0.21 ATR) below the left shoulder.
Then price closed above the previous structural high 8.908 (close 8.909). This is a bullish BOS: a break of structure.
The left shoulder zone (8.837–8.865) became the QML level: price often returns here before continuing the move.
There were equal lows nearby: they were what price hunted.
Structure on 1h: bearish (against this idea).
On the break candle the aggressive flow went against the break (42% of volume).
There was no absorption on the candle that returned to QML.
Result: the idea was cancelled.
This is a scenario built from market data, not a guarantee of the result.