PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
ZAL Bearish change of character
Zarea Limited · 23 Oct 2026 · 10:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 36.00
- ▼ 1.37%
- Broken level
- 36.06
- +0.2%
- CHoCH level
- 63.40
- +76.1%
- ATR
- 0.54
- 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 1 Hour candles · click to enlarge
The breakdown
ZAL closed below the external strong low at 36.06 - the external trend turns bearish.
The hourly close at 36.00 confirms it. The new external CHoCH level (strong high) is 63.40: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 63.40). Nearest supply OB 37.82 - 38.50.
How to read this signal
- 1 Price closed below the swing level at 36.06, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 63.40 (+76.1%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the change of character (choch)
A change of character (CHoCH) is the first close against the trend's structure, breaking the swing low of an uptrend or the swing high of a downtrend: an early sign of reversal.
- Confirmation
- A candle close beyond the swing point that defined the trend.
- Target
- No fixed target: the first opposing liquidity area.
- Fails if
- A move back beyond the broken level that resumes the old trend.