Hello everyone! Welcome to day 12 of our Technical Analysis challenge! Today we will be learning what we know as Change Of Character (CHOCH) and Break Of Structure (BOS) on the candlestick chart. What Is CHOCH? CHOCH (Change of Character) is market shift that happens when the market breaks its previous structure pattern. In simple terms: If market was making Lower Highs (LH) and Lower Lows (LL) and suddenly it breaks a Lower High… That’s a potential bullish CHOCH. Structure behavior changed. Understanding CHOCH and BOS Difference Between BOS and CHOCH BOS (Break of Structure) leads to a trend continuation while CHOCH is Possible a trend reversal CHOCH usually comes BEFORE a full reversal How To Identify CHOCH In a Downtrend Market : LL > LH > LL > LH If price breaks above the last LH = CHOCH (bullish shift possible) In an Uptrend Market: HH > HL > HH > HL If price breaks below the last HL = CHOCH (bearish shift possible) #CRYPTO #FOREX #BTC #RIVER