Glossary
Terms, defined plainly
- Dealing rangeSMC
- A chosen swing low-to-high range used to define premium, discount and equilibrium.
- Lesson: Premium, discount and the dealing range
- DisplacementSMC
- An unusually large, one-sided move, e.g. candle bodies above 1.5-2x the recent average range.
- Lesson: Displacement and fair value gaps
- False breakoutTechnicals
- A move beyond a zone that quickly reverses back inside the prior range.
- Lesson: Support, resistance, and zones
- Premium / discountSMC
- The upper and lower halves of a dealing range. A geometric location, not a valuation.
- Lesson: Premium, discount and the dealing range