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▼ BEAR·MNQ1!·
3m
·DAY TRADER

Class A detected in london_sb

Thu, Jul 23, 2026, 03:00 AM EDT

ICT perspective

Setup, swing context, displacement, killzone

FVG iFVG MSS OB PWH/PWL Swept
A Class ▼ displacement forms after a sweep of NDOG CE liquidity, with the bear MSS printing at 29080.5 during London session break. The move down from the ITH at 29260.75 carried through multiple ITLs, culminating in a displacement spanning 29045.25–29115.5. Inside that displacement sit two iFVGs: one bull (29071.25–29072.75) created early in the sweep, and a second bull (29099.75–29101.75) nested within a bear FVG (29091.75–29101.75) formed at the tail of the structure. The bear FVG overlaps the displacement top, marking a compression zone where buy-side liquidity was stripped. Price now sits below the MSS, having exhausted PDH, PDL, Asian and London session extremes, plus NWOG and NDOG collector liquidity. The setup presents a structure where a student might observe how nested FVGs—particularly the bull iFVG inside the bear FVG—often act as micro-resistance during extended directional moves, and how their location relative to displacement boundaries signals where renewal attempts might fail or succeed on retracement.
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 65 points below VWAP with the entire EMA stack bearishly aligned—20, 50, and 200 all stacked lower and price beneath all three, confirming downtrend structure. RSI at 38.83 reflects weakness without oversold extremity, leaving room for further compression. MACD line trades below its signal line with a negative histogram of −1.16, indicating momentum continuation to the downside without yet showing reversal setup. ATR at 21.84 points represents modest volatility relative to recent range, suggesting the market is not yet in an expansion phase. Volume at 5280 contracts reads 2.77× the 20-bar average—heavy conviction pushing into lower levels. The combination of stacked bearish EMAs, price discounting below VWAP, weak RSI, and negative MACD histogram all cohesively describe a downtrend in progress with volume backing the directional bias.

Setup context

MSS level
29080.5
Displacement
29045.25 → 29115.5
FVG
29091.75 → 29101.75
Killzone
london_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
ITL@29030 → ITL@29067.25 → ITH@29183.75 → ITH@29260.75

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

Educational observation only. Not financial advice.