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Break of Structure
Break of Structure
Breaks of structure occur simply when price trades past either a high or a low. Some BOSs go by a different name (CHOCH)
depending on the situation at play, but that is the most basic definition. We typically label any continuation in trend (break of a HH in
any given uptrend, break of a LL in any given downtrend) a BOS.
If we are talking about internal structure, I do not require internal highs/lows to be closed past, and a simple wick past can be
consider a break of structure (BOS) or change of character (CHOCH).
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