ICT Top Down Analysis

External range liquidity refers to the liquidity outside the current trading
1M -> 1W -> 1D -> 4h -> 1h/15m -> 5/3m -> 1m range. In this context, buy side liquidity is above the range high, while sell
side liquidity is below the range low.

Internal Range Liquidity is the liquidity inside the defined range (External
1h/15m -> 5/3m -> 1m Range Liquidity). This could be in form of any institutional reference that we
can use as entry such as OB, FVG, VI etc.
1D -> 4h -> 1h/15m 4h -> 1h/15m -> 5/3m

Example: LUMI TRADERS

External and Internal Range Liquidity

4h -> 1h -> 15m
External Range Liquidity

4h HTF Order Flow

External BSL Internal Range Liquidity

LUMI
Range High
?
4h BSL
TRADERS

w
Flo

4h Range
r
rde
hO
Internal Range Liquidity
Internal Range Liquidity becomes

llis
External Range Liquidity once

Bu
Range Low External High is broken

4h SSL Turtle Soup Entry or LTF

FVG, OB, BB
External Range Liquidity

External SSL
External Range Liquidity will be the highs and lows of a range, for example
the daily high or low. Internal range liquidity would be everything that
falls in between these 2 points.

1h MTF POI and

Liquidity Sweep
External Range Liquidity
External Range Liquidity

4h
4h BSL 1h
4h BSL
1h BSL
LUMI TRADERS

1h 1h BSL
Range

1h SSL 1h SSL

4h SSL
4h SSL

lumitraders.com
LUMI TRADERS

5m LTF Entry
External Range Liquidity

1h
4h BSL 4h BSL
1h BSL
4h BSL

1h SSL

4h SSL
LUMI TRADERS
1h BSL

5m 1h SSL

MSS
1h SSL

LUMI TRADERS FVG+

4h SSL