PSX · EXCHANGE TRADED FUNDS · 30 Min
UBLPETF Bullish change of character
UBLPakistan Enterprise ETF · 05 Nov 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 29.61
- ▲ 2.92%
- Broken level
- 28.99
- -2.1%
- CHoCH level
- 26.01
- -12.2%
- ATR
- 0.20
- 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
UBLPETF closed above the external strong high at 28.99 - the external trend turns bullish.
The 30-minute close at 29.61 confirms it. The new external CHoCH level (strong low) is 26.01: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 26.01). Nearest demand OB 28.37 - 28.45, supply OB 30.85 - 30.99.
How to read this signal
- 1 Price closed above the swing level at 28.99, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 26.01 (-12.2%).
- 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.