PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
SIBL Bullish change of character
Security Investment Bank Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 9.53
- ▲ 11.72%
- Broken level
- 9.03
- -5.2%
- CHoCH level
- 5.80
- -39.1%
- ATR
- 0.22
- 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
SIBL closed above the external strong high at 9.03 - the external trend turns bullish.
The 30-minute close at 9.53 confirms it. The new external CHoCH level (strong low) is 5.80: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 5.80). Nearest demand OB 6.15 - 6.16.
How to read this signal
- 1 Price closed above the swing level at 9.03, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 5.80 (-39.1%).
- 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.