PSX · TEXTILE COMPOSITE · 30 Min
STML Bearish change of character
Shams Textile Mills Limited · 20 Oct 2026 · 09:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 41.25
- ▼ 4.20%
- Broken level
- 43.00
- +4.2%
- CHoCH level
- 50.60
- +22.7%
- ATR
- 2.29
- 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
STML closed below the external strong low at 43.00 - the external trend turns bearish.
The 30-minute close at 41.25 confirms it. The new external CHoCH level (strong high) is 50.60: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 50.60). Nearest demand OB 40.01 - 40.50, supply OB 43.00 - 46.80.
How to read this signal
- 1 Price closed below the swing level at 43.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 50.60 (+22.7%).
- 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.