PSX · PHARMACEUTICALS · Daily
HALEON Bearish change of character
Haleon Pakistan Limited · 02 Nov 2026
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 650.73
- ▼ 1.23%
- Broken level
- 653.14
- +0.4%
- CHoCH level
- 1,010.00
- +55.2%
- ATR
- 14.41
- 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 Daily candles · click to enlarge
The breakdown
HALEON closed below the external strong low at 653.14 - the external trend turns bearish.
The daily close at 650.73 confirms it. The new external CHoCH level (strong high) is 1,010.00: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 1,010.00). Nearest demand OB 586.00 - 620.00, supply OB 676.00 - 698.00.
How to read this signal
- 1 Price closed below the swing level at 653.14, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 1,010.00 (+55.2%).
- 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.