PSX · REFINERY · 1 Hour
PRL Bullish change of character
Pakistan Refinery Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 113.35
- ▲ 5.96%
- Broken level
- 108.80
- -4.0%
- CHoCH level
- 74.74
- -34.1%
- ATR
- 2.10
- 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
PRL closed above the external strong high at 108.80 - the external trend turns bullish.
The hourly close at 113.35 confirms it. The new external CHoCH level (strong low) is 74.74: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 74.74). Nearest demand OB 103.00 - 104.49.
How to read this signal
- 1 Price closed above the swing level at 108.80, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 74.74 (-34.1%).
- 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.