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ICT Market Structure: BOS, CHOCH and MSS Explained

Market structure is the study of how price forms successive highs and lows. In ICT education, structure is often used to describe directional context and potential changes in that context.

Educational note: ICT is a trading framework. Examples on this page are educational and do not guarantee a trading outcome. Test any rules before risking capital.

Higher highs and higher lows

A sequence of higher highs (HH) and higher lows (HL) is commonly described as bullish structure. Lower highs (LH) and lower lows (LL) describe bearish structure. These labels describe what price has already done; they do not guarantee what it will do next.

Break of Structure (BOS)

BOS is commonly used for a break of a relevant prior swing in the direction of the existing structure. Traders use it as evidence of continuation within their chosen framework. The exact swing selected matters, so the rule should be defined before testing.

CHOCH and MSS

CHOCH (Change of Character) and MSS (Market Structure Shift) are terms used for a meaningful change against the prior short-term structure. Different educators use the terms differently, so a trading plan should state exactly which swing must break and whether a candle close is required.

Top-down use

One practical workflow is to use a higher timeframe for broad context and a lower timeframe for execution. Avoid changing the definition of a swing after seeing the outcome; that creates hindsight bias.

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