Timeline
- Liquidity formed: local high 9.151 (left shoulder)
- Structural low 9.051 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 9.243 confirmed
- CHoCH: close below the structural low 9.051. Quasimodo confirmed
- Price entered the QML zone
- Idea played out: After touching QML price closed below the structural level 9.051
Why this setup was found
First the market formed a local high 9.151 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 9.243, which is 0.09200 (2.29 ATR) above the left shoulder.
Then price closed below the previous structural low 9.051 (close 9.034). This is a bearish CHoCH: a change of market character.
The left shoulder zone (9.138–9.151) became the QML level: price often returns here before continuing the move.
Partially filled bearish imbalance (FVG) overlaps QML by 8%.
There were equal highs nearby: they were what price hunted.
Structure on 1h: bearish (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.