PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
LSECL Bearish change of character
LSE Capital Limited. · 26 Oct 2026 · 14:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 4.93
- ▼ 2.38%
- Broken level
- 5.00
- +1.4%
- CHoCH level
- 8.07
- +63.7%
- ATR
- 0.12
- 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
LSECL closed below the external strong low at 5.00 - the external trend turns bearish.
The hourly close at 4.93 confirms it. The new external CHoCH level (strong high) is 8.07: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 8.07). Nearest demand OB 4.35 - 4.52, supply OB 5.00 - 5.20.
How to read this signal
- 1 Price closed below the swing level at 5.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 8.07 (+63.7%).
- 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.