PSX · REAL ESTATE INVESTMENT TRUST · 30 Min
IREIT Bullish change of character
Image Reit · 29 Oct 2026 · 11:00 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 7.86
- ▲ 0.13%
- Broken level
- 7.85
- -0.1%
- CHoCH level
- 7.50
- -4.6%
- ATR
- 0.07
- 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 30 Min candles · click to enlarge
The breakdown
IREIT closed above the external strong high at 7.85 - the external trend turns bullish.
The 30-minute close at 7.86 confirms it. The new external CHoCH level (strong low) is 7.50: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 7.50). Nearest demand OB 7.60 - 7.69, supply OB 8.15 - 8.27.
How to read this signal
- 1 Price closed above the swing level at 7.85, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 7.50 (-4.6%).
- 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.