Note: A valid BOS requires a full candle body close past the structural point, not just a wick. Change of Character (CHoCH)
SMC offers tight stop-losses, but the market can still be unpredictable. Risk no more than 1% to 2% of your total account balance per trade.
Retail traders view this as strong support and place their sell stop losses right below it.
The upper half of the trading range. Only look for short (sell) setups here. pdf smart money concept top
Diagrams illustrating internal vs. external range liquidity sweeps.
At a market top, the PDF showed how Smart Money leaves a specific "trail."
Elias watched the price plummet. He waited. Finally, the price slowed and crawled back up, retracing perfectly into that "boring" consolidation zone—the Order Block—and tapping right into the Fair Value Gap. Note: A valid BOS requires a full candle
To dominate the financial markets, you must track where the largest pools of capital move. is a popular trading framework designed to identify institutional order flow, uncover hidden market manipulation, and trade alongside central banks and market makers rather than against them .
The PDF Smart Money Concept Top strategy can be applied to various financial markets, including:
The best resource depends on your level. For beginners, Frank Miller's Smart Money Concepts provides systematic coverage. For advanced traders, Practical ICT Strategies – 4th Edition offers the most comprehensive guidance with 150+ pages. Retail traders view this as strong support and
Order blocks are the "footprints" of institutions. An order block is the last opposing candle before a strong move that breaks structure (BOS).
The "Top" is officially confirmed when price breaks the last Higher Low before the failed rally.