← All signalsA bearish Class A displacement forms after a sweep sequence liquidating PM session highs. The structure descends from an ITH at 7720 through an ITL at 7657.75, then rallies into a second ITH at 7704.75 before rolling lower into the current ITL near 7721.75—a reversal pattern marked by progressive liquidity taking (PDL, Asian hi/lo, London hi/lo, PM hi/lo, and day high/low all swept). The displacement spans 7688–7714, containing a bullish iFVG (7695.5–7704.75) formed during the Asian-London transition, now sitting above a subsequent bearish FVG (7694.5–7696) that printed during the morning decline. Price currently rests within the PM session killzone, where the MSS level anchors at 7689.5. The present structure invites observation of how displacement unfolds when built after sequential session sweeps—particularly the relationship between the iFVG (now above market) and the lower FVG (partially filled). Students often conflate "displacement formed" with "directional conviction"; here, the setup demonstrates that displacement represents *liquidity architecture*, not momentum confirmation—the subsequent behavior into and away from these gaps determines structural integrity. Price sits 2.27 points below VWAP with the EMA stack inverted—20, 50, and 200 all stacked bearishly above current levels—signaling structural weakness in the intermediate trend. RSI at 45.12 reflects neutral momentum without conviction in either direction, while MACD presents a bearish alignment: the line trades 1.39 points below its signal at 2.43, with the histogram holding negative at −1.40, indicating downside momentum remains intact. ATR at 7.27 reflects low volatility for this contract; price movement is constrained relative to the 20-bar range. Volume at 16305 contracts reads significantly light—only 48% of the 20-bar average of 33887—suggesting limited participation and weak conviction behind the current price action. The combination of inverted moving averages, negative MACD histogram, neutral RSI, and below-average volume points to a consolidation phase lacking sponsorship; any directional move would require volume expansion to establish renewed conviction.
Class A ▼ detected in pm_sb
Fri, Aug 21, 2026, 02:00 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
- 7689.5
- Displacement
- 7688 → 7714
- FVG
- 7694.5 → 7696
- Killzone
- pm_sb
- Swept liquidity
- pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, dh, dl
Swing sequence
ITH@7720 → ITL@7657.75 → ITH@7704.75 → ITL@7721.75
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.