Timeline
- Liquidity formed: local low 1,335 (left shoulder)
- Structural high 1,345 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,317 confirmed
- CHoCH: close above the structural high 1345.0. Quasimodo confirmed
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 1345.0
Why this setup was found
First the market formed a local low 1,335 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,317, which is 18.000 (2.49 ATR) below the left shoulder.
Then price closed above the previous structural high 1,345 (close 1,346.2). This is a bullish CHoCH: a change of market character.
The left shoulder zone (1,335–1,337.9) 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 aggressive buyers dominated (57% of volume).
There was no absorption on the candle that returned to QML.
Result: the pattern played out and is closed for tracking.
This is a scenario built from market data, not a guarantee of the result.