ADXAverage Directional Index; a measure of trend strength, not direction.

ATRAverage True Range; a volatility measure based on recent true ranges.

BOSBreak of Structure; a break of a meaningful swing in structural context.

BreakoutPrice moving beyond a defined range or structural level.

CHoCHChange of Character; a structural break that challenges the prior sequence.

CPIConsumer Price Index; a measure of consumer price changes.

ConfluenceMultiple independent pieces of evidence supporting the same market idea.

CorrelationStatistical relationship between the movements of two variables or assets.

DXYU.S. Dollar Index, a basket-based measure of the dollar against major currencies.

DisplacementFast directional price expansion often associated with strong order imbalance.

DrawdownDecline from a peak in account equity or strategy value.

FOMCFederal Open Market Committee, responsible for U.S. monetary-policy decisions.

FVGFair Value Gap; a three-candle imbalance concept used in price-action analysis.

GDPGross Domestic Product; the value of goods and services produced in an economy.

HHHigher High; a swing high above a prior meaningful swing high.

HLHigher Low; a swing low above a prior meaningful swing low.

LHLower High; a swing high below a prior meaningful swing high.

LLLower Low; a swing low below a prior meaningful swing low.

LeverageUse of borrowed exposure or margin to control a larger position than cash capital alone.

LiquidityThe ability to transact with limited price impact; in SMC language it also refers to areas where orders may cluster.

MarginCapital required by a broker to support leveraged exposure.

Market RegimeA broad condition such as trend, range, high volatility or low volatility.

NFPNonfarm payrolls; a widely watched U.S. employment measure.

Order BlockA discretionary SMC zone associated with the origin of a strong displacement.

PCEPersonal Consumption Expenditures price index, a U.S. inflation measure monitored by the Federal Reserve.

PMIPurchasing Managers Index; a survey-based activity indicator.

R:RRisk-to-reward ratio; compares planned loss distance to planned reward distance.

Real YieldNominal yield adjusted for inflation expectations.

ResistanceAn area where selling pressure has historically limited upward price movement.

RetestPrice returning to a previously broken level or zone.

Risk-offA market environment where investors favor defensive or liquid assets.

Risk-onA market environment where investors favor higher-risk assets.

SlippageDifference between expected execution price and actual execution price.

SpreadDifference between bid and ask prices.

Stop LossAn order intended to limit loss if price reaches a defined level.

SupportAn area where buying pressure has historically limited downward price movement.

SweepA move beyond an obvious level followed by rejection or return.

VolatilityMagnitude and speed of price movement.

YieldReturn associated with a bond or interest-bearing instrument.