What is Change of Character (ChoCh)?

ChoCh is a change in order flow in the market which changes the trend and direction of price movements.

ChoCh gives a sign of a reversal which indicates a signal to take profits or open a trading position opposite to the previous position.

There are two types of ChoCh, namely Bullish ChoCh and Bearish ChoCh.

Bullish ChoCh is a situation where the trend in the market changes from bearish to bullish. Bullish ChoCh is marked by the price successfully breaking through the last Lower High (LH).

Bearish ChoCh is a situation where the trend in the market changes from bullish to bearish. Bearish ChoCh is characterized by the price successfully breaking through the last higher low (HL).

Can you understand from this?

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