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▼ BEAR·MNQ1!·
30m
·DAY TRADER

Class A detected in london_open

Wed, Jul 8, 2026, 04:00 AM EDT

ICT perspective

Setup, swing context, displacement, killzone

FVG iFVG MSS OB PWH/PWL Swept
MNQ11 has formed a Class A ▼ after sweeping PM LO liquidity (29270.5) during London Open killzone. The displacement spans 29558–29064.75, creating room for a bearish FVG (29446–29465) that sits unmitigated inside the move. Prior structure shows an ITL at 29266 (MSS level), followed by an ITH at 30319.75, then a reversal back through the displacement. The sweep of NDOG CE at 29403.25 and subsequent PM LO sweep at 29270.5 confirms a liquidity harvest into the London session. Multiple iFVGs (29407–29408, 29478–29481, 29459–29461) formed during the decay phase and remain unfilled above price. The current structure presents a textbook displacement with internal fair value gaps that students should observe for potential mean-reversion targets or resistance on any corrective bounce. The 60-minute bias reads bear while the 30-minute reads bull—a confluence that often precedes aggressive institutional positioning in the next session.
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 304 points below VWAP with the EMA stack bearishly aligned—20, 50, and 200 all stacked below price, which itself trades beneath all three. RSI at 28.95 is in oversold territory, a condition that historically precedes mean reversion but offers no confirmation of directional intent without additional momentum support. MACD line at −58.75 trades below the signal at −39.03 with a negative histogram of −19.73, indicating downward momentum persistence rather than exhaustion or upturn. ATR at 96.83 reflects elevated volatility—above typical ranges for this timeframe—providing context for the magnitude of recent moves. Volume at 87,158 contracts registers 2.43× the 20-bar average, confirming heavy institutional or algorithmic participation at the firing bar. The combination of oversold RSI, bearish EMA structure, and negative MACD histogram suggests sellers have maintained conviction through the volume spike, though the RSI depth alone warrants observation for potential compression or reversal mechanics on the subsequent bar.

Setup context

MSS level
29266
Displacement
29064.75 → 29558
FVG
29364.25 → 29379.5
Killzone
london_open
Swept liquidity
pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_lo, nwog_ce, ndog_ce, dl
Swing sequence
ITL@29557.5 → ITL@29209.75 → ITL@29266 → ITH@30319.75

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

Educational observation only. Not financial advice.