PSX · COMMERCIAL BANKS · 30 Min
SCBPL Bullish change of character
Standard Chartered Bank (Pak) Ltd · 10 Nov 2026 · 10:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 60.89
- ▲ 0.65%
- Broken level
- 60.70
- -0.3%
- CHoCH level
- 55.00
- -9.7%
- ATR
- 0.55
- 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
SCBPL closed above the external strong high at 60.70 - the external trend turns bullish.
The 30-minute close at 60.89 confirms it. The new external CHoCH level (strong low) is 55.00: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 55.00). Nearest demand OB 59.77 - 59.86.
How to read this signal
- 1 Price closed above the swing level at 60.70, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 55.00 (-9.7%).
- 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.