Chart Literacy
Break of structure
A range has a ceiling (the last peak that held) and a floor (the last dip that held). When price closes beyond one of them, chart watchers call it a break of structure — the ceiling stopped being a ceiling.
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A range has a ceiling (the last peak that held) and a floor (the last dip that held). When price closes beyond one of them, chart watchers call it a break of structure — the ceiling stopped being a ceiling.