← All signalsA Class A bearish displacement formed after the sweep of the day's high (7673.75) in the PM session killzone. The structure moved from an ITH at 7691.25 down through an ITL at 7673, then traced a secondary ITH at 7681.25 before collapsing into the current ITL formation near 7628.25. This sequence represents a complete liquidity-run cycle: all major session lows (PDL, PM, London, Asian) and highs (London, Asian, DH) have been swept, signaling exhaustion of buy-side orders at multiple levels.
Three FVGs sit within the displacement. The primary bear FVG (7674.5–7675.75) and a secondary bear FVG (7676.5–7679) occupy the upper half of the move, while an iFVG (7679.25–7680.25) bulges upward—typical of corrective structure inside a downtrend. The MSS at 7673.75 aligns with the DH sweep point, cementing institutional intent. Current price sits below all these gaps. A student observing this setup should note how the iFVG acts as a retracement floor: price reversals often find resistance at such internal fill boundaries, offering an early signal that conviction remains directional. Price sits 9 points above VWAP while the EMA stack remains inverted—20 and 50 both below price, yet the 200 sits beneath the whole structure, signaling mixed directional conviction on intermediate timeframes. RSI at 42 reflects weak momentum, neither oversold nor capable of sustained bullish lean, while MACD presents a bearish setup with the line trading 0.61 below its signal and histogram firmly negative. ATR at 3.19 points suggests modest volatility typical for the session, but volume at 2382 contracts sits substantially below the 20-bar average of 4065—a 59% ratio that underscores low participation at this bar. The combination of weak RSI, MACD histogram divergence to the downside, and below-average volume creates an environment where momentum is absent despite price maintaining position above VWAP; consolidation rather than expansion characterizes the current structure.
Class A ▼ detected in pm_sb
Wed, Sep 2, 2026, 02:42 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
- 7673.75
- Displacement
- 7672.75 → 7687.5
- FVG
- 7674.5 → 7675.75
- Killzone
- pm_sb
- Swept liquidity
- pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, dh
Swing sequence
ITH@7691.25 → ITL@7673 → ITH@7681.25 → ITH@7628.25
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.