PSX · PAPER, BOARD & PACKAGING · 30 Min
MERIT Bearish break of structure
Merit Packaging Limited · 26 Oct 2026 · 10:30 PKT
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 8.36
- ▼ 4.57%
- Broken level
- 8.50
- +1.7%
- CHoCH level
- 9.70
- +16.0%
- ATR
- 0.18
- 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
MERIT closed below the external swing low at 8.50 from 12 Oct 09:30 - the bearish trend continues.
The 30-minute close at 8.36 confirms it. The new external CHoCH level (strong high) is 9.70: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 9.70). Nearest demand OB 8.03 - 8.28, supply OB 11.10 - 11.15.
How to read this signal
- 1 Price closed below the swing level at 8.50, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 9.70 (+16.0%).
- 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.