NIFTY50.....A Change of character has been seen!Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, after the peac-talk between US and Iran, the NIFTY50 skyrocket 675 points by the opening on Wednesday 08th and the close on Tuesday 07th! The total trading range was about 902 points! This is clear a change of trend and possibly the end of the correction! A so called „v-reversal“ On Thursday, April 02nd the NIFTY50 has returned to the Order-blog that has been seen at the chart. On it's way down, several gaps have been at the chart. It touches nearly 50% of the blog (red arrow) and then changed it's direction. This is exactly the behavior I'd like to see. From this point on, the ChoCh (Change of Character) set the stage. Keep in mind, that the Orderblog has been seen on trading by the session on Monday, April 7th '25! Smart money always comes backk to the level were liquidity is to catch and than it change it's direction. The sense behind that fact is, that Smart money has so huge position to buy, i. e. Sell, that they can't liquidate or buy the order as a whole! So they always come back and catch the area and pick up money, i. e. liquidity! That was exactly what happend that day. Overall to speak, the fundamentilist would say that we have seen a „double-bottom“! I tdoesn't make a difference, just other words to describe the same structure. But what to expect for the coming 2-4 weeks? As top observe at the chart, the price have hit a „Fair-value-gap“. This could change the short-term trend from up do down, from bullish to bearish! The red-trendline at the chart shows a level of resistance. This line will soon be repurposed as a support feature. But that needs time and is not yet to await. I think, the price would change it's direction in the coming 1 or 2 sessions from up to down and will touch the area of the fair-value-gap that has been marked at the chart and is lower than the current price. Note the 50% level at this gap. I like to see that price return into that area and actually I would catch a long term trade! But ...step by step! The coming 1-2 session will be a good hint for the coming days and without political uncertainties the trend would be up! I would like to wait for the future developments and probably will update the chart on Wednesday! Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk