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NEARUSDT 5m · Quasimodo · long

PLAYED OUTClosed · updated 06.10 18:40 UTC · forecast for NEARUSDT
QML (entry zone)Imbalance (FVG)Tap the markers for explanations · time in UTC · delta and CVD below

Timeline

  • Liquidity formed: local low 5.025 (left shoulder)
  • Structural high 5.054 confirmed
  • Price took out the liquidity beyond the left shoulder
  • Head 5.020 confirmed
  • CHoCH: close above the structural high 5.054. Quasimodo confirmed
  • Price is approaching QML
  • Price entered the QML zone
  • Idea played out: After touching QML price closed above the structural level 5.054

Why this setup was found

First the market formed a local low 5.025 (left shoulder). Stop orders piled up below it, that is, liquidity.

Then price took that liquidity: the head reached 5.020, which is 0.005000 (0.21 ATR) below the left shoulder.

Then price closed above the previous structural high 5.054 (close 5.056). This is a bullish CHoCH: a change of market character.

The left shoulder zone (5.025–5.032) became the QML level: price often returns here before continuing the move.

Filled bullish imbalance (FVG) overlaps QML by 57%.

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

Structure on 15m: bearish (against this idea).

Structure on 1h: bearish (against this idea).

On the break candle aggressive buyers dominated (64% 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.

Confirmations and contradictions

Liquidity takenConfirmation
Equal lowsConfirmation
Change of character (CHoCH)Confirmation
Imbalance (FVG) in the QML zoneConfirmation
15m: structure is bearishAgainst
1h: structure is bearishAgainst
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
No absorption at QMLAgainst
Footprint: no absorption in the QML zoneAgainst