Break of structure

A close beyond the last swing high or low: above the last high in an uptrend (BOS), or below the last higher low (CHoCH).

What it means

A break in the trend's direction shows it continuing; the first break against it, the change of character, can be an early hint of a turn.

What to watch

Whether price closes beyond the level, not just wicks through it, and whether a lower high came first.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.