PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
MDTL Bearish change of character
Media Times Limited · 23 Oct 2026 · 08:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 6.18
- ▼ 1.91%
- Broken level
- 6.20
- +0.3%
- CHoCH level
- 9.87
- +59.7%
- ATR
- 0.15
- 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
MDTL closed below the external strong low at 6.20 - the external trend turns bearish.
The hourly close at 6.18 confirms it. The new external CHoCH level (strong high) is 9.87: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 9.87). Nearest demand OB 5.33 - 5.44, supply OB 7.05 - 7.28.
How to read this signal
- 1 Price closed below the swing level at 6.20, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 9.87 (+59.7%).
- 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.