ChangeOfCharacter
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23.Change Of Character (CHoCH) 💠
A CHoCH is an early sign of a trend reversal – often one swing fails. For instance, in a downtrend a bullish CHoCH occurs when price unexpectedly makes a higher low instead of a lower low. Crypto traders see this as a hint the downtrend is ending and a new uptrend may start, using it to enter against the old trend.
#ChangeOfCharacter #CHoCH #tradingStrategy
A CHoCH is an early sign of a trend reversal – often one swing fails. For instance, in a downtrend a bullish CHoCH occurs when price unexpectedly makes a higher low instead of a lower low. Crypto traders see this as a hint the downtrend is ending and a new uptrend may start, using it to enter against the old trend.
#ChangeOfCharacter #CHoCH #tradingStrategy
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