PSX · COMMERCIAL BANKS · 30 Min
BOP Bullish change of character
The Bank of Punjab · 04 Nov 2026 · 14:00 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 30.67
- ▲ 4.68%
- Broken level
- 30.23
- -1.4%
- CHoCH level
- 26.66
- -13.1%
- ATR
- 0.33
- 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
BOP closed above the external strong high at 30.23 - the external trend turns bullish.
The 30-minute close at 30.67 confirms it. The new external CHoCH level (strong low) is 26.66: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 26.66). Nearest demand OB 28.11 - 28.35, supply OB 34.46 - 34.58.
How to read this signal
- 1 Price closed above the swing level at 30.23, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 26.66 (-13.1%).
- 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.