đ Change of Character (CHoCH)
Many traders think every pullback means the trend has changed.
Professional traders wait for Change of Character (CHoCH).
What is CHoCH?
A Change of Character happens when the market breaks its current structure and shows the first sign that the trend may be reversing.
Bullish CHoCH
đ Downtrend ends
â Lower High (LH)
â Lower Low (LL)
âĄïž Price breaks above the last Lower High.
This is the first clue that buyers may be taking control.
Bearish CHoCH
đ Uptrend ends
â Higher High (HH)
â Higher Low (HL)
âĄïž Price breaks below the last Higher Low.
This is the first clue that sellers may be taking control.
Golden Rule
CHoCH is a warning, not a guarantee.
Always wait for confirmation before entering a trade.
For educational purposes only. Not financial advice.
#Crypto #PriceAction #CHoCH #MarketStructure #TradingEducation
Many traders think every pullback means the trend has changed.
Professional traders wait for Change of Character (CHoCH).
What is CHoCH?
A Change of Character happens when the market breaks its current structure and shows the first sign that the trend may be reversing.
Bullish CHoCH
đ Downtrend ends
â Lower High (LH)
â Lower Low (LL)
âĄïž Price breaks above the last Lower High.
This is the first clue that buyers may be taking control.
Bearish CHoCH
đ Uptrend ends
â Higher High (HH)
â Higher Low (HL)
âĄïž Price breaks below the last Higher Low.
This is the first clue that sellers may be taking control.
Golden Rule
CHoCH is a warning, not a guarantee.
Always wait for confirmation before entering a trade.
For educational purposes only. Not financial advice.
#Crypto #PriceAction #CHoCH #MarketStructure #TradingEducation