BOS - Break of Structure
BOS means Break of Structure. It happens when the price of an asset (like a stock or currency) breaks past a key support or resistance level, indicating a potential change in the market direction.
Key points:
Uptrend BOS: If the price breaks above a recent high, it could mean the start of an upward trend.
Downtrend BOS: If the price breaks below a recent low, it may signal the beginning of a downward trend.
Traders use BOS to spot potential trend changes and decide when to buy or sell.
Key points:
Uptrend BOS: If the price breaks above a recent high, it could mean the start of an upward trend.
Downtrend BOS: If the price breaks below a recent low, it may signal the beginning of a downward trend.
Traders use BOS to spot potential trend changes and decide when to buy or sell.
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