# Balanced price range (BPR) > The band where a bullish and a bearish fair value gap overlap, left when price crosses the same prices one-sidedly in both directions within a short span. ICT reads the overlap as a zone the two opposing imbalances have balanced. - Canonical: https://hadalinstruments.com/glossary/balanced-price-range/ - Term set: https://hadalinstruments.com/glossary/ --- Price that crosses the same band one-sidedly twice, once in each direction, leaves two gaps on top of each other, and the balanced price range is the part they share. ## The overlap, stated Start from two [fair value gaps](/glossary/fair-value-gap/) in opposite directions. A bullish gap runs from the first candle's high up to the third candle's low; a bearish gap runs from the third candle's high up to the first candle's low. When a bearish gap forms across prices a recent bullish gap already covers, or the reverse, the two bands overlap. The **balanced price range** is that overlap: from the higher of the two lower boundaries to the lower of the two upper boundaries. If the span is zero or negative, there is no balanced price range, only two gaps near each other. A worked case, with constructed numbers. A rally leaves a bullish gap from 1.0850 to 1.0870. Some hours later a sharp fall leaves a bearish gap from 1.0862 to 1.0880. The higher of the lower boundaries is 1.0862 and the lower of the upper boundaries is 1.0870, so the balanced price range runs from 1.0862 to 1.0870, and its midpoint, its [consequent encroachment](/glossary/consequent-encroachment/), is 1.0866. ## The elections underneath The balanced price range inherits every election of the gaps it is built from: the timeframe, and any minimum size below which a gap is not drawn. It adds two of its own. One is the **window**, how many candles may separate the two gaps before their overlap stops counting; an overlap between a gap from last week and one from this morning is arithmetic, not an event. The other is a **minimum overlap**, since two large gaps that share a single pip meet the definition and mean very little. Stated, both elections make the band checkable; unstated, almost any pair of opposite gaps can be said to balance somewhere. ## Direction and the reading attached The overlap has no direction of its own. Teaching reads it from the later of the two moves. A band left by a fall and then a rise is a bullish balanced price range, expected to act as support when price returns to it from above; a band left by a rise and then a fall is bearish, expected to act as resistance on a return from below. The narrowness is part of the appeal: the method treats the shared prices as a sharper version of a gap, a place both imbalances point at. ## Against its neighbours The [inverse fair value gap](/glossary/inverse-fair-value-gap/) is the neighbour most often confused with it. An inversion is one gap that price closed through and then reused in the opposite role. A balanced price range needs two gaps and keeps only their intersection, and the earlier gap need only have been traded back into, not closed through. A [liquidity void](/glossary/liquidity-void/) is further away again: a stretch crossed thinly once, where the balanced price range is a narrow band crossed one-sidedly twice. The detector campaign registers balanced price ranges as a zone driver of their own, drawn by the [fair value gap indicator](/ict/fair-value-gap-indicator/). ## What the band owes The claim is that returns into the overlap react more reliably than returns into a single gap. The comparison has an obvious control: single gaps of the same width, at similar distance from price, under the same touch rule. Without that control the band is persuasive for a reason unrelated to balance. It is narrow, it sits where price has recently been busy, and narrow bands near recent activity are revisited often. The row for balanced price ranges in the [claims ledger](/ict/#ledger) is where that comparison's verdict renders, and the [two lenses](/glossary/the-two-lenses/) keep the arithmetic, which anyone can check, apart from the reaction, which only a count can support. ## Commonly confused with Neighbouring concepts that get used interchangeably, and the distinction that actually separates them. - **[Inverse fair value gap](https://hadalinstruments.com/glossary/inverse-fair-value-gap/)** — An inverse fair value gap is one gap that price has closed through, read afterwards in the opposite role. A balanced price range needs two gaps, one in each direction, and is only the prices they share. The later gap prints across part of the earlier one, so the earlier gap has been traded back into; it need not have been closed through, which is what an inversion requires. - **[Fair value gap](https://hadalinstruments.com/glossary/fair-value-gap/)** — A fair value gap is one three-candle imbalance in one direction. A balanced price range is the intersection of two, in opposite directions. A chart can hold many gaps and no balanced price range at all. - **[Liquidity void](https://hadalinstruments.com/glossary/liquidity-void/)** — A void is a run of thin traversal in one direction. A balanced price range is a narrow band traded one-sidedly both ways. One is a stretch price crossed once; the other is a band price has crossed twice. - **A consolidation range** — A consolidation is price trading two-way inside a range over many candles. A balanced price range is left by two fast one-sided crossings, with little two-way trade inside the band at all. Both names suggest balance; the mechanics are close to opposite. ## How to measure it in your own data A definition you cannot test is a definition you have to take on trust. This is the shortest honest route from the concept to a number you computed yourself. - **Records you need** — Candle data at a declared timeframe; the fair value gap rule, including any minimum size; and a stated window for how many candles may separate the two opposing gaps before their overlap no longer counts. - **What you compute** — Identify bullish and bearish gaps under the gap rule. For each pair of opposite gaps inside the stated window, the overlap runs from the higher of the two lower boundaries to the lower of the two upper boundaries, and it exists only if that span is positive. Record later returns into each overlap and what followed, and compare them with returns into single gaps of the same width. - **What the answer tells you** — A sharp move up that leaves a gap, a sharp move back down through the same prices that leaves a gap of its own, and a narrow band where the two coincide. The taught expectation is a reaction when price returns to that band; the comparison that matters is against returns into single gaps of the same width, which the band is otherwise just another example of. ## Questions and answers ### What is a balanced price range in ICT? The overlap between a bullish fair value gap and a bearish one. When price crosses the same prices one-sidedly in one direction and then, soon after, in the other, it leaves two gaps stacked on top of each other, and the balanced price range is the band they share. ### What does BPR stand for in trading? Balanced price range. The name refers to the band where two opposite fair value gaps overlap, on the reading that the two one-sided crossings have balanced each other there. ### How do you identify a balanced price range? Mark the bullish and bearish fair value gaps under a stated rule, then take each pair of opposite gaps that formed close together. The overlap runs from the higher of their lower boundaries to the lower of their upper boundaries; if that span is positive, it is the balanced price range. ### What is the difference between a balanced price range and an inverse fair value gap? An inverse fair value gap is one gap closed through and reused in the opposite role. A balanced price range is two opposite gaps and only the prices they share. The inversion is a history of one object; the balanced price range is an intersection of two. ### Is a balanced price range bullish or bearish? The overlap itself has no direction; the reading comes from the later of the two moves. A band left by a fall and then a rise is read as support when price comes back down into it, and the mirror as resistance. That reading is the method's expectation for the band, not a property of its geometry. ### Why is it called a balanced price range? Because price has crossed the band one-sidedly in both directions, and the method reads the two imbalances as offsetting each other. The name describes that reading; the band itself is simply the prices both gaps share. ### Does price react at a balanced price range? That is a comparison, not a definition. A balanced price range is narrower than either gap that makes it, and narrow bands near recent activity get revisited often for ordinary reasons, so the reaction rate at overlaps means something only against the rate at single gaps of the same width. ## Where it sits in the ICT sequence The ICT vocabulary in the order the method is taught, with a step for each kind of object. - **Step** — 05 of 08 [Imbalances](https://hadalinstruments.com/ict/#step-imbalances): the bands price crossed one-sidedly and is expected to revisit - **Also at this step** — [Fair value gap (FVG)](https://hadalinstruments.com/glossary/fair-value-gap/), [Consequent encroachment (CE)](https://hadalinstruments.com/glossary/consequent-encroachment/), [Inverse fair value gap (IFVG)](https://hadalinstruments.com/glossary/inverse-fair-value-gap/), [Liquidity Void](https://hadalinstruments.com/glossary/liquidity-void/), [Volume imbalance](https://hadalinstruments.com/glossary/volume-imbalance/) - **Before it** — [Inverse fair value gap (IFVG)](https://hadalinstruments.com/glossary/inverse-fair-value-gap/) Imbalances - **After it** — [Liquidity Void](https://hadalinstruments.com/glossary/liquidity-void/) Imbalances - **Every step** — [The ICT vocabulary map, with every term defined](https://hadalinstruments.com/ict/#vocabulary) ## The shape, drawn The smallest arrangement the definition admits. It is a drawing of a rule, not a reading of a market — nothing here is measured, and the table below it is the authoritative version. FIG. 01 ILLUSTRATIVE - The bullish gap from the rally, 12 to 15, and the bearish gap from the fall, 13.8 to 16.5. Where the two bands overlap, 13.8 to 15, is the balanced price range. - The [displacement](https://hadalinstruments.com/glossary/displacement/) candle of the rally. The fall mirrors it three candles later. - The midpoint of the overlap, 14.4. - A later return into the shared band. Two gaps across the same prices: a rally leaves a bullish gap, a fall leaves a bearish gap over part of it, and the band they share is the balanced price range, with a later return into it. Drawing the overlap establishes where the two gaps coincide. It does not establish that a return reacts there more than at a single gap of the same width. Source [Frozen definition set — detector W2.9](https://hadalinstruments.com/ict/#ledger) SHA-256 NOT APPLICABLE — ILLUSTRATIVE, NOT A MEASUREMENT Balanced price range (BPR): what the definition states, in full. Element | What the definition states | Components | A bullish and a bearish fair value gap under one stated gap rule. | Overlap | From the higher of the two lower boundaries to the lower of the two upper boundaries, if that span is positive. | Window How many candles may separate the two gaps before their overlap stops counting. | election pending | Minimum overlap Two large gaps sharing a single pip meet the definition and carry little. | election pending | Direction | Read from the later of the two moves. | Not established | That returns into the overlap react more than returns into single gaps of the same width. | ## Related terms Derived from the links this entry makes and the entries that link back to it. - [Consequent encroachment (CE)](https://hadalinstruments.com/glossary/consequent-encroachment/) The midpoint of a fair value gap, halfway between its two boundaries, which the ICT method treats as the gap's balance point; the same fifty-percent line drawn through a wick carries the same name. - [Fair value gap (FVG)](https://hadalinstruments.com/glossary/fair-value-gap/) A three-candle imbalance: the wicks of the first and third candles fail to overlap, leaving a price band the middle candle crossed with one-sided trade. Bullish when the third candle's low sits above the first's high; bearish in mirror. - [ICT unicorn model](https://hadalinstruments.com/glossary/ict-unicorn-model/) An ICT entry setup in which a breaker block and a fair value gap, both left by the same move through structure, overlap; the entry zone is only the prices they share. Named for how rarely the two line up. - [Inverse fair value gap (IFVG)](https://hadalinstruments.com/glossary/inverse-fair-value-gap/) A fair value gap that price has closed through decisively, after which the taxonomy expects the zone to act in its flipped role — a failed bullish gap treated as resistance, a failed bearish gap as support. - [Liquidity Void](https://hadalinstruments.com/glossary/liquidity-void/) A moment in which resting orders are withdrawn faster than they are replaced, leaving stretches of the price axis with nothing to trade against, so that price traverses them in near-vertical jumps. - [The Two Lenses](https://hadalinstruments.com/glossary/the-two-lenses/) A framework in quantitative trading where every metric is evaluated through both its theoretical statistical properties and its physical microstructure execution constraints. ## Where the term is in build Detector datasheets whose concepts include this term, or whose published copy uses it. Each one states the build state it has reached and the parameters it exposes, and carries no measured verdict. - [Fair Value Gap Indicator](https://hadalinstruments.com/ict/fair-value-gap-indicator/) Every gap the definition admits from the size floor up, with states — nothing it refuses. in build ## Cite This Definition APA BibTeX HTML Hadal Instruments. (2026). Balanced price range (BPR). Hadal Glossary. https://hadalinstruments.com/glossary/balanced-price-range/ Version db78807, 2026-09-15. @misc{hadal_2026_balanced-price-range, author = {Hadal Instruments}, title = {Balanced price range (BPR)}, year = {2026}, url = {https://hadalinstruments.com/glossary/balanced-price-range/}, howpublished = {Hadal Glossary}, version = {db78807}, note = {Pre-launch publication; version dated 2026-09-15} } Source: Hadal Instruments, Balanced price range (BPR). Original Research Copy Citation **Version db78807** identifies the commit that last changed this page in Hadal's content repository. That repository is not public, so the identifier does not resolve externally — it is published so a citation pins one specific state rather than a moving page. To obtain the exact version cited, use the [press and research route](https://hadalinstruments.com/press/).