PSX · OIL & GAS MARKETING COMPANIES · 1 Hour
WAFI Bullish change of character
Wafi Energy Pakistan Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 163.60
- ▲ 5.21%
- Broken level
- 156.98
- -4.0%
- CHoCH level
- 141.00
- -13.8%
- ATR
- 2.91
- 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
WAFI closed above the external strong high at 156.98 - the external trend turns bullish.
The hourly close at 163.60 confirms it. The new external CHoCH level (strong low) is 141.00: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 141.00). Nearest demand OB 150.00 - 151.00, supply OB 174.00 - 174.93.
How to read this signal
- 1 Price closed above the swing level at 156.98, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 141.00 (-13.8%).
- 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.