ICT killzones are specific intraday time windows — always quoted in New York time (ET) — when institutional order flow and volatility tend to...

Inducement (IDM) is a deliberate-looking minor swing high or low sitting just in front of the real point of interest in Smart Money Concepts...

An imbalance is any price zone left inefficient by one-sided movement, where buying and selling were not evenly matched. A fair value gap (FVG)...

Equal highs are two or more swing highs sitting at nearly the same price; equal lows are two or more swing lows at nearly...

Premium and discount are the two halves of a price range. Mark a swing low to a swing high, take the 50% midpoint —...

Smart Money Concepts (SMC) is a price-action framework for reading the footprints of large institutions — market structure, liquidity, order blocks and fair value...

"Smart money" is capital controlled by large, informed institutions — banks, hedge funds, asset managers and pension funds — whose orders are big enough...

A break of structure (BOS) happens when price breaks a swing point in the direction of the existing trend, confirming continuation. A change of...