The CHoCH (Change of Character) Bullish Pattern is a powerful signal for potential reversals in a downtrend! 🔄📊
🔥 Key Points to Spot CHoCH:
✅ Look for multiple Breaks of Structure (BOS), which show previous downward momentum.
✅ A higher high forms, breaking the previous resistance.
✅ Entry point: At the C leg, using Fibonacci 0.50/0.618 retracement for a precise buy zone.
✅ Stop-loss: Below the A leg or Entry Zone to manage risk effectively.
