PSX · PAPER, BOARD & PACKAGING · 1 Hour
SEPL Bullish change of character
Security Papers Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 137.23
- ▲ 10.09%
- Broken level
- 134.50
- -2.0%
- CHoCH level
- 120.00
- -12.6%
- ATR
- 2.48
- 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
SEPL closed above the external strong high at 134.50 - the external trend turns bullish.
The hourly close at 137.23 confirms it. The new external CHoCH level (strong low) is 120.00: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 120.00). Nearest supply OB 149.06 - 150.00.
How to read this signal
- 1 Price closed above the swing level at 134.50, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 120.00 (-12.6%).
- 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.