Market structure
Updated 2026-09-20
Definition
The sequence of price swing highs and swing lows, describing trend, range and break points.
Why it matters
Rising highs and lows = uptrend; falling = downtrend. It's the basis of the Smart Money Concepts approach: BOS and CHoCH describe continuation and change of character.
Practical example
Swings: low 1.0820, high 1.0940, low 1.0880, high 1.1010: bullish structure, invalidated below 1.0880.
Learn more
Course lesson: Market structure: swings, highs and lows read objectivelyRelated entries
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Educational content, not financial advice. Trading involves risk.