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D. ICT Market Structure

Market structure is the sequence of swing highs and swing lows that shows the direction of price delivery. Higher highs and higher lows suggest bullish structure; lower highs and lower lows suggest bearish structure. Terms such as Market Structure Shift, Break of Structure and Change of Character describe when that sequence breaks or changes. The dealing range, equilibrium, premium and discount then place current price within that structure.

18 concepts · numbers 48–65

Market Structure: all 18 concepts

48
Market Structure ShiftMSS

A meaningful change in short-term price delivery, commonly marked by displacement through a relevant…

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49
Break of StructureBOS

A break of a significant swing level in the direction of the existing trend, often interpreted as…

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50
Change of CharacterCHoCH

An early warning that price behaviour may be changing, usually when price breaks a swing against the prior…

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51
Change in State of DeliveryCISD

A change in the way price is delivered, often identified through a shift in candle closes across a key…

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52
Higher HighHH

A swing high that is above the previous relevant swing high.

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53
Higher LowHL

A swing low that forms above the previous relevant swing low.

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54
Lower HighLH

A swing high below the previous relevant swing high.

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55
Lower LowLL

A swing low below the previous relevant swing low.

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56
Short-Term HighSTH

A local high within a broader price sequence, used as a near-term structural or liquidity reference.

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57
Short-Term LowSTL

A local low within a broader price sequence, used as a near-term structure/liquidity reference.

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58
Intermediate-Term HighITH

A more significant high formed from the relationship of surrounding short-term highs in a multi-swing…

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59
Intermediate-Term LowITL

A significant low in the intermediate swing hierarchy, more prominent than a short-term low.

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60
Long-Term HighLTH

A major high in the nested swing hierarchy, generally more significant than intermediate-term highs.

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61
Long-Term LowLTL

A major low in the long-term swing hierarchy and a broad downside liquidity reference.

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62
Dealing Range 

A defined high-to-low price range used to measure premium, discount, equilibrium and internal/external…

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63
EquilibriumEQ

The 50% midpoint of a defined dealing range, separating premium from discount.

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64
Premium 

The upper half of a defined dealing range, often considered a more favourable location for bearish setups.

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65
Discount 

The lower half of a defined dealing range, often considered a more favourable location for bullish setups.

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