PSX · POWER GENERATION & DISTRIBUTION · Daily
ALTN Bearish break of structure
Altern Energy Limited · 30 Oct 2026
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 6.16
- ▼ 1.12%
- Broken level
- 6.20
- +0.6%
- CHoCH level
- 7.10
- +15.3%
- ATR
- 0.30
- 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 Daily candles · click to enlarge
The breakdown
ALTN closed below the external swing low at 6.20 from 07 Oct 2026 - the bearish trend continues.
The daily close at 6.16 confirms it. The new external CHoCH level (strong high) is 7.10: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 7.10). Nearest supply OB 7.31 - 7.69.
How to read this signal
- 1 Price closed below the swing level at 6.20, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 7.10 (+15.3%).
- 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.