PSX · MISCELLANEOUS · 30 Min
ARPAK Bearish change of character
Arpak International Investments Ltd. · 02 Nov 2026 · 12:00 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 112.00
- ▼ 8.19%
- Broken level
- 114.11
- +1.9%
- CHoCH level
- 138.19
- +23.4%
- ATR
- 7.10
- 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
ARPAK closed below the external strong low at 114.11 - the external trend turns bearish.
The 30-minute close at 112.00 confirms it. The new external CHoCH level (strong high) is 138.19: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 138.19). Nearest demand OB 84.25 - 90.00, supply OB 146.00 - 153.50.
How to read this signal
- 1 Price closed below the swing level at 114.11, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 138.19 (+23.4%).
- 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.