PSX · TOBACCO · Daily
KHTC Bearish change of character
Khyber Tobacco Company Limited · 22 Oct 2026
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 244.21
- ▼ 3.81%
- Broken level
- 246.00
- +0.7%
- CHoCH level
- 532.00
- +117.8%
- ATR
- 11.22
- 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 Daily candles · click to enlarge
The breakdown
KHTC closed below the external strong low at 246.00 - the external trend turns bearish.
The daily close at 244.21 confirms it. The new external CHoCH level (strong high) is 532.00: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 532.00). Nearest demand OB 185.42 - 192.15, supply OB 265.00 - 275.55.
How to read this signal
- 1 Price closed below the swing level at 246.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 532.00 (+117.8%).
- 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.