PSX · CHEMICAL · 1 Hour
BAPL Bearish change of character
Bawany Air Products Limited · 20 Oct 2026 · 09:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 25.38
- ▼ 29.50%
- Broken level
- 35.14
- +38.5%
- CHoCH level
- 48.35
- +90.5%
- ATR
- 1.98
- 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
BAPL closed below the external strong low at 35.14 - the external trend turns bearish.
The hourly close at 25.38 confirms it. The new external CHoCH level (strong high) is 48.35: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 48.35). Nearest supply OB 37.75 - 39.10.
How to read this signal
- 1 Price closed below the swing level at 35.14, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 48.35 (+90.5%).
- 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.