PSX · TEXTILE SPINNING · 30 Min
ELSM Bearish break of structure
Ellcot Spinning Mills Limited · 21 Oct 2026 · 11:00 PKT
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 176.51
- ▼ 9.48%
- Broken level
- 180.01
- +2.0%
- CHoCH level
- 195.00
- +10.5%
- ATR
- 5.04
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
ELSM closed below the external swing low at 180.01 from 19 Oct 10:00 - the bearish trend continues.
The 30-minute close at 176.51 confirms it. The new external CHoCH level (strong high) is 195.00: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 195.00). Nearest demand OB 151.10 - 162.80.
How to read this signal
- 1 Price closed below the swing level at 180.01, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 195.00 (+10.5%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the break of structure (bos)
A break of structure (BOS) is a close beyond the last swing high in an uptrend, or swing low in a downtrend: the trend making a new leg.
- Confirmation
- A candle close beyond the swing high or low.
- Target
- No fixed target: the next liquidity area or weak high / low.
- Fails if
- A close beyond the CHoCH level, which would change the structure.