What is Internal Range Liquidity (IRL)?

When you mark a higher-timeframe dealing range (the swing high to swing low you are operating inside), everything that sits between those two boundaries is Internal Range Liquidity. That includes internal swing highs and lows that formed during the range, FVGs that haven't been rebalanced, and pockets of stop loss orders sitting at minor highs and lows.

The algorithm reads this as a list of objectives. Before sending price to the extremes (External Range Liquidity), it will often raid internal pools and rebalance internal inefficiencies first. That is why price rarely moves in a straight line — it is detouring through internal liquidity on the way to its real target.

Internal Sellside Liquidity = sell stops resting BELOW an internal swing low inside the range. Internal Buyside Liquidity = buy stops resting ABOVE an internal swing high inside the range. These are the orders left behind by traders trying to trade the range itself — and they are exactly what the algorithm targets first when it wants to "fund" a larger move toward the outside boundaries.

A bullish dealing range tends to raid Internal Sellside Liquidity (sweeping internal lows) before targeting External Buyside Liquidity at the range high. A bearish range does the inverse. This is the rhythm: internal sweep → external delivery.

Indicators tell you what HAS happened. IRL tells you what the algorithm is LIKELY TO DO next. When you can map every Fair Value Gap, every internal high and low, and every inefficiency inside your dealing range, you have a list of price targets ranked by proximity and significance.

This is why ICT traders read raw price action — the algorithm's objectives are already drawn on the chart by the structure itself. You just need to know where to look.