PSX · CABLE & ELECTRICAL GOODS · 1 Hour
PAEL Bullish change of character
Pak Elektron Limited · 10 Nov 2026 · 10:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 34.65
- ▲ 0.90%
- Broken level
- 34.59
- -0.2%
- CHoCH level
- 31.50
- -9.1%
- ATR
- 0.47
- 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
PAEL closed above the external strong high at 34.59 - the external trend turns bullish.
The hourly close at 34.65 confirms it. The new external CHoCH level (strong low) is 31.50: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 31.50). Nearest demand OB 33.30 - 34.19, supply OB 35.73 - 36.11.
How to read this signal
- 1 Price closed above the swing level at 34.59, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 31.50 (-9.1%).
- 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.