Class A ▲ detected in london_open

Wed, May 20, 2026, 02:15 AM EDT

ICT perspective

Setup, swing context, displacement, killzone

▭ FVG▭ iFVG┄ MSS━ OB━ PWH/PWL▣ Swept

ES 15m forms a bull Class A ▲ after the latest ITH at 7387 (MSS level) following a displacement from 7356 ITL. The structure presents successive iFVGs nested within the upward move: a bear iFVG from 7376.75–7379, a second bear iFVG from 7368–7376.75, and a third from 7367–7368.5, all penetrated during the rally. A fresh bull FVG now sits at 7377.25–7379.75, formed in the final 30 minutes of this sequence. Price currently trades above the MSS, with London Open killzone context active across the HTF bias (60m bull filter on). Multiple session lows have been swept—Asian, London, PM, DL—establishing a clean liquidity picture on the downside. The bull iFVGs stacked below price suggest displacement momentum, yet the tight, newly formed bull FVG between the MSS and the latest high presents a compression zone; students should observe whether price accepts this imbalance or reverts into it on the next pullback—a diagnostic for conviction in the continuation.

same setup, second lens

Traditional TA perspective

VWAP / EMA stack / RSI / MACD / Volume

━ VWAP━ EMA 20━ EMA 50┄ EMA 200·━ RSI(14)━ MACD━ Signal

Price sits 15 points above VWAP with the 20 and 50 EMAs in uptrend alignment, though the 200 EMA remains above current levels, creating a mixed intermediate structure. RSI at 61.46 signals strong momentum without overbought extremity. MACD shows the line well above signal at +0.72 versus −1.76, with histogram expanding positively at 2.47—indicating sustained upside momentum. Volume at 4566 contracts represents 1.71× the 20-bar average, confirming elevated participation at this bar. ATR at 8.98 reflects modest volatility typical for the timeframe. The combination of VWAP-supported price action, rising RSI, and expanding positive MACD histogram suggests momentum persistence, though the proximity to the 200 EMA overhead leaves intermediate resistance defined. Consolidation or continuation context depends on how price engages the longer-period moving average.

Setup context

MSS level: 7387
Displacement: 7356 → 7389.5
FVG: 7377.25 → 7379.75
Killzone: london_open
Swept liquidity: pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, dl

Swing sequence

ITH@7415.25 → ITL@7356 → ITH@7387 → ITH@7433

New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.

Educational observation only. Not financial advice.