← All signalsAfter a sweep of the London high at 29279, NQ forms a Class A ▼ displacement that travels 121.5 points down to 29157.75, creating a bear bias structure in the PM session (killzone active). The displacement contains multiple iFVGs stacked in the 29167–29191 range—bullish imbalances that formed during the initial downward thrust. The primary FVG sits tight at 29180.75–29182.25, formed after price broke below the MSS level at 29167. This FVG now sits below the current sweep zone and above the displacement bottom, presenting a compressed structural setup.
The swing sequence reveals an ITH at 29197.75 followed by a sharp ITL break at 29218.25 (actually a reversal zone), which preceded the displacement. All major liquidity pools have been swept—PDH, PDL, Asian and London extremes, PM highs and lows. A student observing this setup should note how the stacked iFVGs within displacement often present competing directional pressure: price can either accept the lower lows (continuation), or rotate back into the displaced imbalances seeking mitigation. The 60-minute bias remains bearish despite a 15-minute bull filter, suggesting asymmetry in timeframe structure. Price sits 1 point below VWAP with all three major moving averages stacked bearish above—20, 50, and 200 EMAs declining in descending order. RSI reads 38.51, indicating weak momentum without oversold extremity. MACD shows the line trading below its signal at −3.03 versus −1.25, with a negative histogram of −1.78, confirming bearish separation. ATR at 11.47 points reflects contained volatility for the timeframe. Volume at 675 contracts registers 1.54x the 20-bar average, showing elevated participation at this level. The setup presents a bearish EMA structure with price compressed just beneath VWAP and momentum oscillators aligned downward, though RSI remains in a midrange zone rather than deeply oversold. The above-average volume suggests conviction behind the current posture.
Class A ▼ detected in pm_sb
Fri, Oct 23, 2026, 02:38 PM EDT
ICT perspective
Setup, swing context, displacement, killzone
▭ FVG▭ iFVG┄ MSS━ OB━ PWH/PWL▣ Swept
same setup, second lens
Traditional TA perspective
VWAP / EMA stack / RSI / MACD / Volume
━ VWAP━ EMA 20━ EMA 50┄ EMA 200·━ RSI(14)━ MACD━ Signal
Setup context
- MSS level
- 29167
- Displacement
- 29157 → 29224.5
- FVG
- 29180.75 → 29182.25
- Killzone
- pm_sb
- Swept liquidity
- pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, nwog_ce, ndog_ce, dh, dl
Swing sequence
ITH@29200 → ITL@29144 → ITH@29197.75 → ITL@29218.25
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.