PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
ICIBL Bullish change of character
Invest Capital Investment Bank Limited · 30 Oct 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 16.83
- ▲ 6.86%
- Broken level
- 16.45
- -2.3%
- CHoCH level
- 14.48
- -14.0%
- ATR
- 0.42
- 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
ICIBL closed above the external strong high at 16.45 - the external trend turns bullish.
The hourly close at 16.83 confirms it. The new external CHoCH level (strong low) is 14.48: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 14.48). Nearest demand OB 15.21 - 15.75, supply OB 19.62 - 20.00.
How to read this signal
- 1 Price closed above the swing level at 16.45, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 14.48 (-14.0%).
- 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.