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UNIUSDT 5m · Quasimodo · short

WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:05 UTC · forecast for UNIUSDT
QML (entry zone)Imbalance (FVG)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local high 8.979 (left shoulder)
  • Structural low 8.949 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Price took out the liquidity beyond the left shoulder
  • Head 9.013 confirmed
  • CHoCH: close below the structural low 8.949. Quasimodo confirmed

Why this setup was found

First the market formed a local high 8.979 (left shoulder). Stop orders piled up above it, that is, liquidity.

Then price took that liquidity: the head reached 9.013, which is 0.03400 (1.40 ATR) above the left shoulder.

Then price closed below the previous structural low 8.949 (close 8.930). This is a bearish CHoCH: a change of market character.

The left shoulder zone (8.975–8.979) became the QML level: price often returns here before continuing the move.

Partially filled bearish imbalance (FVG) overlaps QML by 100%.

There were equal highs nearby: they were what price hunted.

Structure on 15m: bearish (supports the idea).

Structure on 1h: bearish (supports the idea).

On the break candle aggressive sellers dominated (70% of volume).

Now: waiting for price to return to QML.

This is a scenario built from market data, not a guarantee of the result.

Confirmations and contradictions

Liquidity takenConfirmation
Equal highsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
Imbalance (FVG) in the QML zoneConfirmation
15m: structure is bearishConfirmation
1h: structure is bearishConfirmation
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown