← All signalsMNQ presents a Class A bearish displacement after consecutive sweep activity through session liquidity—PDH, LONDON HI, and ASIAN HI all cleared above 29683. The swing sequence shows ITH at 29641.5 failing to hold, with price now trading below the MSS level at 29549.5, establishing a new ITL at 29534. Cash session killzone is active, and higher timeframes (15m, 30m, 60m) confirm bear bias.
The displacement (29519.5 to 29641.5) contains multiple iFVGs: the most recent bear FVG sits at 29574.25–29581.75, formed during the final descent and still active into the close. A bullish iFVG spans 29565.5–29574.5, nested lower within the displacement. Price currently respects the MSS at 29549.5 as a structural reference after the sweep of PM LO and LONDON LO below. A student observing this setup should note how multiple session origins—overnight liquidity pools—were liquidated in sequence before the FVG cluster formed; this layering of swept levels often precedes consolidation before continuation or a reclaim structure. Price sits 32 points below VWAP with the EMA stack compressed and aligned bearishly—all three moving averages trailing below price or stacked inverted, confirming downside pressure. RSI at 35.81 registers weak momentum, well below the 50 midline and approaching oversold territory, while MACD shows the line at −10.68 trading below its signal at −9.94 with a negative histogram of −0.74, indicating persistent bearish momentum without recent acceleration. ATR at 16.29 points reflects moderate volatility typical for this instrument, suggesting room for further extension without extreme conditions. Volume at 4302 contracts sharply versus the 20-bar average of 7736, marking only 56% participation—a notably light print that underscores conviction weakness on the downside bar. The combination of weak RSI, inverted moving-average geometry, sub-VWAP positioning, and anemic volume suggests the decline is decelerating despite bearish alignment; price action lacks the volume scaffold typically seen in confident selling.
Class A ▼ detected in cash
Tue, Sep 8, 2026, 03:42 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
- 29549.5
- Displacement
- 29519.5 → 29641.5
- FVG
- 29574.25 → 29581.75
- Killzone
- cash
- Swept liquidity
- pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_lo, nwog_ce, dh, dl
Swing sequence
ITH@29645 → ITL@29549.5 → ITH@29641.5 → ITL@29534
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.