PSX · COMMERCIAL BANKS · 30 Min
NBP Bullish change of character
National Bank of Pakistan · 10 Nov 2026 · 11:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 183.63
- ▲ 0.02%
- Broken level
- 183.60
- 0.0%
- CHoCH level
- 147.10
- -19.9%
- ATR
- 2.11
- 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
NBP closed above the external strong high at 183.60 - the external trend turns bullish.
The 30-minute close at 183.63 confirms it. The new external CHoCH level (strong low) is 147.10: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 147.10). Nearest demand OB 174.11 - 177.31, supply OB 186.20 - 187.20.
How to read this signal
- 1 Price closed above the swing level at 183.60, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 147.10 (-19.9%).
- 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.