Smart Money Concepts is a trading strategy developed by a trader called 'ICT'.

Ranges are where the buyers and sellers fight over price action dominance. The Equilibrium tells us where the middle of the range is.

Institutions that need a huge amount of volume to match their trades, look for liquidity.

Fair Value Gaps are the Internal Range Liquidity that can act as support or resistance areas to create the next leg of a move.

When a Fair Value Gap is invalidated, it becomes an Inversion Fair Value Gap.

Order Blocks are a continuation block.

Candle Closures are potentially the most important concept when it comes to being able to determine whether the market is respecting or disrespecting a key level or PD Array.

Expansion Candles are used as signals for determining strength in bullish or bearish moves.

CRT Candles are used as one of the methods for detecting a momentum reversal signal.