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* **Political Purges**: The era was marked by widespread political purges and the elimination of any perceived opposition.
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Smart Money Concepts, or SMC, revolves around understanding and mirroring the strategies employed by institutional investors, the so-called "smart money." These aren't your average retail traders; these are the hedge funds, investment banks, and other large entities whose colossal trading volumes significantly influence market direction. Unlike traditional technical analysis that focuses on lagging indicators, SMC zooms in on identifying areas where smart money is likely to leave footprints. This involves analyzing order flow, supply and demand zones, and market structure to anticipate potential movements before they happen.