PSX · TECHNOLOGY & COMMUNICATION · Daily
PTC Bearish change of character
Pakistan Telecommunication Company Ltd · 26 Oct 2026
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 44.30
- ▼ 2.19%
- Broken level
- 44.65
- +0.8%
- CHoCH level
- 75.50
- +70.4%
- ATR
- 2.76
- 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
PTC closed below the external strong low at 44.65 - the external trend turns bearish.
The daily close at 44.30 confirms it. The new external CHoCH level (strong high) is 75.50: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 75.50). Nearest demand OB 38.90 - 39.80, supply OB 52.02 - 56.02.
How to read this signal
- 1 Price closed below the swing level at 44.65, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 75.50 (+70.4%).
- 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.