Timeline
- Liquidity formed: local low 1,716.6 (left shoulder)
- Structural high 1,719.6 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,715.9 confirmed
- BOS: close above the structural high 1719.5. Quasimodo confirmed
- Price is approaching QML
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 1719.5
Why this setup was found
First the market formed a local low 1,716.6 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1,715.9, which is 0.6900 (0.17 ATR) below the left shoulder.
Then price closed above the previous structural high 1,719.6 (close 1,720.6). This is a bullish BOS: a break of structure.
The left shoulder zone (1,716.6–1,717.3) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 71%: big players already built positions in this zone.
Filled bullish imbalance (FVG) overlaps QML by 100%.
There were equal lows nearby: they were what price hunted.
Structure on 4h: bullish (supports the idea).
On the break candle the aggressive flow went against the break (48% 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.