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▲ BULL·MNQ1!·
5m
·DAY TRADER

Class A detected in cash

Tue, Jun 9, 2026, 01:00 PM EDT

ICT perspective

Setup, swing context, displacement, killzone

FVG iFVG MSS OB PWH/PWL Swept
MNQ presents a bull Class A after a comprehensive sweep sequence through session liquidity. The displacement from 28227.25 to 28640.75 contains a bullish FVG (28386.75–28467.75) formed on the final 5m candle. Preceding this, two iFVGs printed bearish into the displacement low, creating internal mitigation before the reversal. The MSS level sits at 28581.25, marking the most recent swing structure high. The setup manifests in the cash session killzone, where all major directional liquidity—PDH, PDL, Asian and London highs and lows, DH, DL—has been swept. This exhaustion of sell-side and buy-side orders creates the structural condition for displacement. The bullish FVG now sits unmitigated between the MSS and the displacement floor, offering a clear reference for magnitude and potential continuation bias. What a student should observe: after a full liquidity sweep sequence, displacement often pairs with internal FVG mitigation *before* the directional move—here, the two bearish iFVGs created the necessary order imbalance that preceded the bull Class A structure.
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 611 points below VWAP with the EMA stack bearishly ordered—20, 50, and 200 descending—establishing a downtrend structure. RSI at 44.82 reflects weak momentum without oversold confirmation, suggesting neither conviction nor capitulation. MACD presents a mixed picture: the line trades above its signal line with a positive histogram of 23.54 points, indicating early bullish divergence momentum, yet both line and signal remain in negative territory, constraining strength. ATR at 138 points indicates moderate volatility typical for the timeframe. Volume at 44,858 contracts sits 7 percent below the 20-bar average at 48,022, reflecting average conviction without notable expansion. The setup combines structural bearishness from price positioning and the EMA alignment against emerging momentum signals in MACD, leaving the overall character contested between ongoing downtrend structure and initial momentum recovery.

Setup context

MSS level
28581.25
Displacement
28227.25 → 28640.75
FVG
28386.75 → 28467.75
Killzone
cash
Swept liquidity
pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, dh, dl
Swing sequence
ITL@29651.75 → ITH@29748 → ITH@29847 → ITH@29689.75

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

Educational observation only. Not financial advice.