The methodology, indexed.

Market Structure Fair Value Gap (FVG) A Fair Value Gap is a three-candle formation where the wick of candle 1 and the wick of candle 3 do not overlap, leaving a price range in candle 2 that was traversed with inefficiency. Read → Market Structure Order Block An order block is the last opposing candle before a displacement move that takes out a swing point and shifts price in the other direction. Read → Market Structure Breaker Block A breaker block is a failed order block — a swing point where price rejected once, then returned, violated that swing, and caused a market structure shift. Read → Market Structure Displacement Displacement is an energetic, one-sided price move that expresses institutional intent. Read → Market Structure Consequent Encroachment Consequent encroachment is the 50% midpoint of a [[Fair Value Gap (FVG)]] or any gap structure. Read → Liquidity Liquidity Pool A liquidity pool is a concentrated cluster of resting orders — stops, breakout orders, and limit entries — sitting at an identifiable price level. Read → Liquidity Definition Draw on liquidity (DOL) is the specific price level or pool the algorithm is currently **drawn toward** — the magnet that explains why price is moving in the direction it's moving. Read → Concepts SMT Divergence SMT (Smart Money Technique / Smart Money Tool) Divergence is a non-indicator-based divergence ICT uses across correlated markets — when one market makes a new high/low but its correlated pair fails to confirm, smart money is cracking the correlation. Read → Concepts Optimal Trade Entry (OTE) Optimal Trade Entry (OTE) is ICT's flagship retracement zone — the 62%–79% Fibonacci range measured from the most recent swing, where the highest-probability continuation entries are found. Read → Time Judas Swing The manipulation leg of the daily or session range — a deliberate false move opposite to the true directional bias, engineered to strip liquidity from retail before the algorithm delivers the real range. Read → Time Silver Bullet A time-based trading model that isolates the highest-probability one-hour windows in the US session. Read → Time London Kill Zone ICT's designated high-probability window during the London session where institutional liquidity raids are most likely. Read → Time NY AM Session ICT's premium trading window during the New York morning session — the highest-probability intraday window for index futures setups. Read → Models Turtle Soup Turtle Soup is an ICT reversal model where price runs just beyond a prior high or low (a "soup") to sweep stops, then rejects and reverses in the opposite direction. Read → Models MMXM Buy Model The ICT Market Maker Buy Model (MMXM) is a complete market cycle where smart money accumulates long positions through original consolidation, engineers a Judas swing to sweep sellside liquidity, reverses via smart money reversal, then distributes price higher to buyside targets. Read → Models MMXM Sell Model The ICT Market Maker Sell Model (MMXM) is the bearish full-cycle distribution model: original consolidation above support, Judas rally that sweeps buyside liquidity, smart money reversal lower, low risk sell (LRS) entry, then markdown into sellside liquidity. Read → Market Structure Mitigation Block A mitigation block is structurally similar to a breaker but formed when price fails to take out a prior swing before reversing. Read → Time Power of 3 (AMD) ICT's framework describing how every meaningful time segment — daily candle, session, or week — is built in three algorithmic phases: **Accumulation** (sideways opening print), **Manipulation** (the [[Judas Swing]] against true bias), and **Distribution** (the real directional delivery). Read → Models Unicorn Model The Unicorn Model is an ICT entry pattern where a [[Breaker Block]] and a [[Fair Value Gap (FVG)|FVG]] overlap inside an [[Optimal Trade Entry (OTE)]] zone following a [[Market Structure Shift]]. Read → Liquidity Equal Highs Equal highs (or relative equal highs) are two or more swing highs on a chart that stop at effectively the same price level. Read → Market Structure Premium and Discount Premium and discount are the two halves of any [[Dealing Range]] divided by the 50% equilibrium line. Read → Market Structure Inversion Fair Value Gap An Inversion Fair Value Gap (IFVG) is a [[Fair Value Gap (FVG)]] that has been violated — closed through with [[Displacement]] — causing it to flip polarity. Read → Models NWOG (New Week Opening Gap) The New Week Opening Gap is the weekend price discontinuity between Friday's 4:00 PM ET settlement and Sunday's 6:00 PM ET futures re-open. Read → Concepts Daily Bias Daily Bias is the expected direction of price delivery for the current trading day — derived from where the daily candle is likely to travel, which liquidity pool is the draw, and which PD array the algorithm is working off. Read → Liquidity Liquidity Void A liquidity void is a stretch of price action where there's effectively no trading — a one-sided, vertical move composed of large-bodied candles leaving no meaningful consolidation behind. Read → Liquidity Buyside Liquidity Buyside liquidity is the pool of resting buy stop orders that sits above an identifiable old high, equal highs, or swing high. Read → Liquidity Sellside Liquidity Sellside liquidity is the pool of resting sell stop orders parked below an old low, equal lows, or swing low. Read → Liquidity Internal Range Liquidity Internal range liquidity (IRL) refers to liquidity pools and price delivery arrays that exist **inside** a defined dealing range — between the range high and range low. Read → Liquidity External Range Liquidity External range liquidity (ERL) is the liquidity resting **outside** the current dealing range — above the range high (buyside) or below the range low (sellside). Read → Liquidity Stop Hunt A stop hunt (or stop run) is the deliberate algorithmic move to sweep price through a pool of resting stop orders — above a high to trigger buy stops, or below a low to trigger sell stops — in order to generate the liquidity institutions need to fill large positions. Read → Market Structure Dealing Range A dealing range is the most recent qualified swing high to swing low (or low to high) that defines where the algorithm is currently delivering price. Read → Market Structure Balanced Price Range A balanced price range is a two-directional price rebalance — an area where price traded down, then back up (or vice versa) through the same range, leaving no inefficiency. Read → Market Structure Mean Threshold The mean threshold is the midpoint of an [[Order Block]] — the 50% level between the candle's open and close (or high and low, depending on application). Read → Market Structure Market Structure Shift A market structure shift (MSS) is a short-term swing point violation in the opposite direction of the prevailing leg, accompanied by [[Displacement]]. Read → Market Structure PD Array A PD array (Premium/Discount Array) is any specific price level or zone where the algorithm has historically or structurally committed to deliver price — an old high, old low, order block, FVG, breaker, rejection block, mitigation block, consequent encroachment, etc. Read → Liquidity Low Resistance Liquidity Run A low resistance liquidity run (LRLR) is a market condition where price can travel from current level to its target with very little opposing structure in between — few untapped order blocks, few fair value gaps, no equal highs or lows standing in the way. Read →