← All signalsA Class A bearish displacement forms after the sweep of the Asian low at 7520.5, dropping from 7563 down to 7490. The prior swing sequence established an ITH at 7632 followed by an ITL at 7503.25—the PDL—creating the framework for this downward structure. Multiple institutional liquidity pools have been cleared: PM lows, Asian lows, and the PDL itself, signaling aggressive displacement into the current kill zone (off-hours).
The most recent FVG (bear, 7520.5–7521.25) sits just above the displacement bottom, created on the final impulsive leg down. Within the displacement sit several iFVGs—notably the bullish 7523.25–7528.75 and 7530.5–7538.25—that represent potential supply zones if price revisits the upper boundary of the move. The MSS at 7503.25 anchors the structural low. A student observing this setup should note how the sequential sweep pattern (PM low → Asian low → PDL) compressed liquidity layers, each sweep triggering fresh displacement rather than reversal—a hallmark of uninterrupted institutional directional intent in a bearish structure. Price sits 22 points below VWAP with the EMA stack firmly inverted—20, 50, and 200 all stacked bearish and each progressively higher—confirming downtrend structure. RSI at 39 reflects weak momentum without oversold extremes, leaving room for further deterioration. MACD line trades below its signal at −6.44 versus −3.32, with a negative histogram of −3.13, signaling momentum remains directionally down though not accelerating sharply. Volume at 36,709 runs 14% above the 20-bar average of 32,197, showing conviction above baseline but without extreme expansion. ATR at 16.81 points reflects moderate volatility typical for this timeframe. The combination of inverted EMA structure, price below VWAP, soft RSI, and MACD line below signal presents a bearish technical posture; momentum has not turned positive, and the average volume lift suggests participation is present but restrained rather than climactic.
Class A ▼ detected in off_hours
Thu, Jul 23, 2026, 07:00 AM 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
- 7503.25
- Displacement
- 7490 → 7563
- FVG
- 7520.5 → 7521.25
- Killzone
- off_hours
- Swept liquidity
- pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, nwog_ce, dh, dl
Swing sequence
ITL@7473.25 → ITH@7554.25 → ITL@7503.25 → ITH@7632
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.