PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
MFL Bearish change of character
Matco Foods Limited · 26 Oct 2026 · 09:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 42.50
- ▼ 1.71%
- Broken level
- 43.00
- +1.2%
- CHoCH level
- 51.65
- +21.5%
- ATR
- 0.99
- 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
MFL closed below the external strong low at 43.00 - the external trend turns bearish.
The hourly close at 42.50 confirms it. The new external CHoCH level (strong high) is 51.65: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 51.65). Nearest demand OB 38.01 - 38.99, supply OB 46.40 - 47.25.
How to read this signal
- 1 Price closed below the swing level at 43.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 51.65 (+21.5%).
- 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.