Timeline
- Liquidity formed: local high 1,738.9 (left shoulder)
- Structural low 1,724.6 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,743.6 confirmed
- BOS: close below the structural low 1724.6. Quasimodo confirmed
- Price entered the QML zone
- Idea played out: After touching QML price closed below the structural level 1724.6
Why this setup was found
First the market formed a local high 1,738.9 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1,743.6, which is 4.660 (1.78 ATR) above the left shoulder.
Then price closed below the previous structural low 1,724.6 (close 1,720.9). This is a bearish BOS: a break of structure.
The left shoulder zone (1,733.1–1,738.9) became the QML level: price often returns here before continuing the move.
Filled bearish imbalance (FVG) overlaps QML by 32%.
There were equal highs nearby: they were what price hunted.
Structure on 1h: bearish (supports the idea).
On the break candle aggressive sellers dominated (54% of volume).
There was absorption on the candle that returned to QML: big volume, aggressive flow against the move and a close with a bounce.
Result: the pattern played out and is closed for tracking.
This is a scenario built from market data, not a guarantee of the result.