PSX · PAPER, BOARD & PACKAGING · Daily
MACFL Bearish change of character
MACPAC Films Limited · 26 Oct 2026
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 53.33
- ▼ 9.99%
- Broken level
- 54.01
- +1.3%
- CHoCH level
- 136.26
- +155.5%
- ATR
- 7.74
- 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
MACFL closed below the external strong low at 54.01 - the external trend turns bearish.
The daily close at 53.33 confirms it. The new external CHoCH level (strong high) is 136.26: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 136.26). Nearest demand OB 22.90 - 23.99.
How to read this signal
- 1 Price closed below the swing level at 54.01, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 136.26 (+155.5%).
- 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.