PSX · REFINERY · 1 Hour
ATRL Bearish change of character
Attock Refinery Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 979.90
- ▼ 9.94%
- Broken level
- 1,039.00
- +6.0%
- CHoCH level
- 1,250.00
- +27.6%
- ATR
- 20.53
- 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
ATRL closed below the external strong low at 1,039.00 - the external trend turns bearish.
The hourly close at 979.90 confirms it. The new external CHoCH level (strong high) is 1,250.00: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 1,250.00). Nearest demand OB 967.00 - 975.97, supply OB 1,105.00 - 1,129.00.
How to read this signal
- 1 Price closed below the swing level at 1,039.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 1,250.00 (+27.6%).
- 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.