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Displacement occurs when price moves beyond range boundaries, retiring old equilibrium zones.

From Advanced Dealing Ranges Explained: The Only Strategy You Need · jumps to 8:51 · speech

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Well, I want to see displacement. I want to see price aggressively making a new high or aggressively making a new low. That's expansion beyond the range. So we've taken out the external range liquidity and we've gone and displaced. Remember that word displacement above the old range high or below the old range low. Once you have that expansion beyond the range, you see displacement. You now know that that old range is retired. The range high and range low, the equilibrium, the premium discount zones, those are no longer as relevant because you're now going to have a new area of price to focus on.
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