Timeline
- Liquidity formed: local low 1.173 (left shoulder)
- Structural high 1.190 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1.170 confirmed
- CHoCH: close above the structural high 1.190. Quasimodo confirmed
- Price is approaching QML
- Price entered the QML zone
- Idea played out: After touching QML price closed above the structural level 1.190
Why this setup was found
First the market formed a local low 1.173 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 1.170, which is 0.003000 (0.25 ATR) below the left shoulder.
Then price closed above the previous structural high 1.190 (close 1.193). This is a bullish CHoCH: a change of market character.
The left shoulder zone (1.173–1.176) became the QML level: price often returns here before continuing the move.
An already touched bullish order block overlaps QML by 69%: big players already built positions in this zone.
There were equal lows nearby: they were what price hunted.
Structure on 4h: bullish (supports the idea).
On the break candle aggressive buyers dominated (50% 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.