Change of Character coming out of a trading range – the largest move (swing) in the direction of a future trend with the following traits: 1. Largest swing move within a trading range (compared to previous same-directional swings) 2. Occurrence of this move in Phase D 3. Commitment of price above/below current trading range’s resistance/support lines 4. Improvement/Deterioration of Relative Strength leadership
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.