← All signalsA bearish Class A displacement formed after consecutive sweeps of Asian and London session liquidity—PDL at 28961.25, LONDON LO at 28922—establishing a downtrend with directional conviction. The swing sequence presents ITH at 28780/28773.25 and ITL at 28432.5, confirming the lower lows structure. Price currently sits within the FVG (28615.5–28638.25) that formed during the most recent push lower, positioned above the MSS level at 28609.5. The 60-minute bias remains bearish, anchoring the directional bias despite the 30-minute showing bullish structure. This is cash session killzone territory.
The setup demonstrates a textbook displacement-then-FVG mitigation pattern: the move down into the ITL created the Fair Value Gap on the retracement, and price is now consolidating near its upper boundary. A student observing this structure should note how multiple liquidity sweeps across sessions precede the Class A formation—they often function as fuel for displacement rather than reversal signals alone. The proximity to the MSS and the unmitigated FVG above current price present decision points within the ongoing bearish structure. Price sits 207 points below VWAP with the EMA stack bearishly aligned—all three moving averages (20, 50, 200) stacked below price and themselves compressed in a narrow band around 28,640–28,660. RSI at 34.62 reflects weak momentum, well into oversold territory without yet signaling reversal conviction. MACD line trades below its signal line with negative histogram at –0.79, confirming downside momentum without expansion. Volume at the firing bar registers 6,665 contracts—1.68× the 20-bar average—suggesting institutional participation during the move away from VWAP. ATR sits at 22.26 points, typical for this timeframe and indicating measured volatility rather than compression. The composite picture shows a sustained push lower with sufficient volume and momentum alignment, though RSI depth and the tight EMA cluster leave room for mean-reversion probing before any structural shift becomes evident.
Class A ▼ detected in cash
Thu, Jul 23, 2026, 01:05 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
- 28609.5
- Displacement
- 28587.75 → 28662.75
- FVG
- 28615.5 → 28638.25
- Killzone
- cash
- Swept liquidity
- pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, nwog_ce, ndog_ce, dh, dl
Swing sequence
ITH@28780 → ITH@28773.25 → ITL@28432.5 → ITL@28696
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.