CHOCH is the first sign of a trend reversal. When an uptrend breaks its first significant low, or a downtrend breaks its first high, character changes.
Indicators Used
Structure AnalysisLiquidity Levels
Rules
๐ Bearish CHOCH
- Uptrend has been making HH + HL
- Price breaks below the last Higher Low
- This is the CHOCH. Character has changed
- Enter short on the retest of the broken HL
- Stop above the last Higher High