Warrior_EA/docs/Wyckoff/topics/choc.md

## Change of Character (CHoCH)

The Change of Character (Ch.19) marks a critical transition between trend and consolidation phases. The book identifies two CHoCH moments in a complete cycle:

1. **First CHoCH — Trend → Range:** In accumulation, a downtrend shifts into sideways movement (Phase A). This is detected when Preliminary Support and Selling Climax events appear in sequence. In distribution, an uptrend flattens into a range marked by Preliminary Supply and Buying Climax.

2. **Second CHoCH — Range → Trend:** The SOS/SOW breakout that breaks the structure boundary signals the transition from consolidation back into a trending state.

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wyckoff research, unconcluding as always. 2026-10-05 21:58:23 -04:00			`## Change of Character (CHoCH)`

			`The Change of Character (Ch.19) marks a critical transition between trend and consolidation phases. The book identifies two CHoCH moments in a complete cycle:`

			`1. First CHoCH — Trend → Range: In accumulation, a downtrend shifts into sideways movement (Phase A). This is detected when Preliminary Support and Selling Climax events appear in sequence. In distribution, an uptrend flattens into a range marked by Preliminary Supply and Buying Climax.`

			`2. Second CHoCH — Range → Trend: The SOS/SOW breakout that breaks the structure boundary signals the transition from consolidation back into a trending state.`

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