SMC Course Day-02 CHOCH

Change of Character (ChoCH) – In very simple language

If you think of the market as a movie, then Change of Character is that twist that changes the direction of the story.

This means, until now the market was moving in one direction, suddenly it starts to turn in the opposite direction.

In an uptrend, ChoCH → the price suddenly broke below the previous low. This means, buyers are gradually letting go, sellers are taking control.

In a downtrend, ChoCH → the price suddenly broke above the previous high. This means, the dominance of sellers is decreasing, buyers have entered the field.

In short: ChoCH is the market's “mood swing” — this is where you can understand which way the story might turn.

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