Class A ▼ — MNQ1! 5m | Zero Mind Signals

A Class ▼ displacement forms after the sweep of the day-low at 29437, with the bearish FVG (29429.5–29437) created during the London open now consumed. The structure presents an ITH at 29445.5 followed by ITL at 29425, establishing a corrective sequence within a broader bear context. The MSS level sits at 29422.25, below the most recent ITL, marking potential support as price has already swept through multiple session liquidity: Asian high, NDOG CE, NWOG CE, and London low all cleared during the displacement from 29461.75 down to 29392. Two iFVGs (29405–29414.5 and 29417.25–29431) nested within the down move remain untouched, sitting above the current ITL. The setup is now in the PM session (killzone PM_SB), with the 60-minute bias bearing. A key observation: when multiple session sweeps have already occurred and an ITL forms near an MSS, students should note whether price uses the remaining unmitigated iFVGs as resistance on subsequent impulsive structure, or whether the next corrective phase respects them as demand.

Price sits 13 points below VWAP with the EMA 20, 50, and 200 all trading above current levels, forming a mixed stack that lacks directional conviction. RSI at 40.61 reflects weak momentum in the lower half of its range, while MACD trades with the line at 4.03 below its signal at 7.56, generating a negative histogram of −3.52 — both indicators flagging absent bullish pressure. ATR at 22.91 suggests typical volatility for the timeframe. Volume at the firing bar measures 20,761 contracts, nearly double the 20-bar average of 10,700, indicating elevated participation into this weaker momentum setup. The combination of price below its moving averages, declining MACD structure, subdued RSI, and elevated volume on a momentum-absent bar presents a consolidative posture with room for either extended range trading or directional clarification.

Class A ▼ detected in pm_sb

ICT perspective

Traditional TA perspective

Setup context