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▼ BEAR·MNQ1!·
30m
·DAY TRADER

Class A detected in cash

Wed, Jun 17, 2026, 03:30 PM EDT

ICT perspective

Setup, swing context, displacement, killzone

FVG iFVG MSS OB PWH/PWL Swept
A Class A bearish displacement forms after systematic liquidation through multiple session highs and lows. Price swept PM HI (30520.5), London LO (30464.5), Asian HI/LO (30472.5 / 30330), and Daily Low (30302) before collapsing through PDL and PM LO both at 30273.75, establishing the ITL that anchors the current structure. The displacement ranges 29922–30520, with a bear FVG sitting 30163.75–30204.5 created during the acceleration phase. This FVG now sits above the current ITL (29231.25), marking structural resistance into a potential retracement. The MSS level at 30072.25 aligns with prior structure, offering a reference for mean reversion if price rotates higher. Cash session killzone context shows exhaustion after all major liquidity pools were swept—a hallmark of directional commitment. Students observing this setup should note how the sequential sweep of disparate session levels (not just HTF structure) validates the displacement's authenticity; mechanical liquidation across multiple timeframe pools compounds conviction over single-level breaks.
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 363 points below VWAP with the EMA 20 and 50 also overhead, while the 200 remains the only support beneath current levels—a mixed stack reflecting choppy intermediate structure. RSI at 28.57 signals oversold conditions, typically associated with exhaustion, though MACD shows the line at −80.41 well below its signal at −39.04 with a negative histogram of −41.38, confirming momentum remains directionally weak without convergence in sight. ATR at 143.86 points reflects elevated volatility relative to the session baseline. Volume at 231,799 contracts registers 1.78× the 20-bar average, showing conviction behind the price action at this level. The combination of oversold RSI, persistent MACD weakness below signal, and elevated volume compression suggests the market is testing an extreme read; whether this anchors a reversal or represents a pause within a larger descent depends on price behavior relative to the 200 EMA support below.

Setup context

MSS level
30072.25
Displacement
29922 → 30520
FVG
30163.75 → 30204.5
Killzone
cash
Swept liquidity
pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, dl
Swing sequence
ITL@30273.75 → ITH@30584.25 → ITH@30544.75 → ITL@29231.25

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

Educational observation only. Not financial advice.