BTC Double QML Setup: Is Another Drop Loading?

Hello guys!

Do you remember the last analysis?

Now this BTC chart shows a textbook example of two consecutive QML (Quasimodo Level) patterns forming (QML1 and QML2), each confirmed by clean engulfed lows.

• QML1 caused a strong drop after the high was broken and a new low formed.
  
• Price retraced and created QML2, again with a confirmed engulfed low (engulfed2).
  
• We're now likely to see a reaction at the QML2 supply zone.
  

If price respects this second QML zone, we could see another bearish move toward the 116k zone, possibly lower.