PSX · REFINERY · 1 Hour
NRL Bearish break of structure
National Refinery Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 499.90
- ▼ 9.68%
- Broken level
- 545.00
- +9.0%
- CHoCH level
- 579.56
- +15.9%
- ATR
- 11.84
- 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
NRL closed below the external swing low at 545.00 from 29 Oct 10:30 - the bearish trend continues.
The hourly close at 499.90 confirms it. The new external CHoCH level (strong high) is 579.56: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 579.56). Nearest demand OB 480.81 - 499.00, supply OB 556.00 - 579.56.
How to read this signal
- 1 Price closed below the swing level at 545.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 579.56 (+15.9%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the break of structure (bos)
A break of structure (BOS) is a close beyond the last swing high in an uptrend, or swing low in a downtrend: the trend making a new leg.
- Confirmation
- A candle close beyond the swing high or low.
- Target
- No fixed target: the next liquidity area or weak high / low.
- Fails if
- A close beyond the CHoCH level, which would change the structure.