BOS and Choch Break Of Structure and Choch is next level of market structure.So, if you want to learn this, you need to learn market structure first it will goes easy to find BOS and Choch when you understand or master at market structure
If you want to trend following, market structure is enough,but if you want to find reversal pattern, Choch and BOS is Usefull
What is BOS? Break Of Structure forms in the direction of the trend creating continuation patterns for you to joint the trend Break of recent Lower Low when bearish or Break of recent Higher High when bullish Example:
What is Choch? Change Of Character for at the end of a trend forming reversal patterns to give you a chance to join the new change of bias in the market. will usually form a head and shoulders pattern also reverse head and shoulders when bearish
How to indicate, you need to find the last Lower High ( when bearish ) and Higher Low ( when bullish ).so,when the price close above the last Lower High or Lower Low, this pattern has formed
Below, is step by step how to using Choch
1. Determine the market structure first
2. Determine the BOS correctly
3. Determine the Choch, i change the color to green because of bullish trend require break of Choch
Note : be careful, this part is often wrong! you should watch the last BOS to determine the Choch
4. Look! We got it Note: The higher timeframe close above the choch,then the confirmation is getting stronger
Easy to learn ya, thanks for reading my page! Hope it usefull!
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