What is CHOCH? Check out the Example below.When the price changes its direction from making LH and LL to HH and HL is called CHOCH(Change of character or change of structure). Please hit like👍 and follow. Thanks.
Changeoftrend
How an asset is losing buyer support.Small scheme as holders and buyers based on hopes for growth in the past
hope to get a stable trend and get disappointed and go out selling
1) bounce above Supports
2) more rebound
3) Support is broken, but then turned out to be false (support is no longer completely reliable)
4) support broken for the second time (maybe there will be no support in the future)
5) Support turned out to be resistance
6) fall into obscurity
Holders exit the asset because there is no longer past price behavior.
You can draw a new support, but there is no guarantee that it will not be broken too.
whats the differance between these 2 trend ?Hello guys
this is educational post and most important for any Traders
these two movement have same move As the making HH and HL but in the first one the power of buyers and bullish are diminishing because for the condition of movement , if you see this movement is going like this and its near the support or resistance zone it means the chance of change trend is more than continuing the last trend .
But in second condition we are making HH and then pullback and make HL then HH and ... but in this movement the price rise then some rest and after that Buyer power is accumulated and jump the price
These two movement are making HH and HL but these differance and condition of movement is important , be careful for the movement and you can see it like in BTCUSDT movement in 1D time frame before fall down from 65k to 30k and more example in any chart you can see
Good Luck
Abtin
EURUSD...HOW TO SPOT CHANGES IN TRENDIn this video update, we take a look at EURUSD and the current downtrend.
We break down how you can use trendlines to look for trend continuation trades
and changes in trend.
Education: Change of trend !Prior analysis
Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low
An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend
Please support the setup with your likes, comments and by following on TradingView.
Thanks
Education: Change of trend !Prior analysis
Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low
An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend
Please support the setup with your likes, comments and by following on TradingView.
Thanks
