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▼ BEAR·NQ1!·
5m
·DAY TRADER

Class A detected in pm_sb

Mon, Jul 20, 2026, 02:40 PM EDT

ICT perspective

Setup, swing context, displacement, killzone

FVG iFVG MSS OB PWH/PWL Swept
A Class A ▼ displacement forms after sequential sweeps of PM HI, Daily Low, and Daily High liquidity around 29050–29078, with price breaking below the MSS at 28900.75 into the PM SB killzone. The bear bias holds across 15m, 30m, and 60m, following an ITH-ITL swing sequence that topped near 29192 and currently traces lower lows into the 28858 displacement bottom. The FVG between 28971.75–28979 sits internal to the displacement and remains unmitigated; price has swept past it on the descent. The prior ITL at 28873.25 offers a structural reference below current price action. The observation here is that multiple session highs (London, Asian, PM) were swept in tight sequence before the break—this clustering of liquidity events often precedes sustained directional displacement rather than a reversal trap. Students watching this setup should note how the Daily Low sweep at 29078.5 acted as the final resistance rejection point before the downside acceleration; recognizing when liquidity sweeps compress in time rather than stretch across price often signals conviction rather than reversal noise.
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 120 points below VWAP with the EMA stack inverted—20, 50, and 200 all above the close—signaling weak intermediate structure. RSI at 32.95 reflects oversold conditions typical of sharp moves lower, while MACD holds below its signal line with a negative histogram of −7.51, indicating momentum remains bearish without recent reversal confirmation. ATR at 43.92 points is elevated relative to typical range on this contract, suggesting volatility expansion during the decline. Volume at 4201 contracts registers 55% above the 20-bar average, reflecting conviction behind the directional move. The combination of price below multiple key moving averages, oversold RSI, and persistently negative MACD histogram alongside expanded volume creates a picture of sustained downside pressure without yet showing divergence or consolidation signals that often precede reversals.

Setup context

MSS level
28900.75
Displacement
28858.75 → 29009.75
FVG
28971.75 → 28979
Killzone
pm_sb
Swept liquidity
asian_hi, london_hi, pm_hi, dh, dl
Swing sequence
ITL@28981.75 → ITH@29192.5 → ITL@28873.25 → ITH@28942

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

Educational observation only. Not financial advice.