PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
MCBIM Bearish change of character
MCB Investment Management Limited. · 19 Oct 2026 · 11:00 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 142.00
- ▼ 5.96%
- Broken level
- 149.00
- +4.9%
- CHoCH level
- 177.65
- +25.1%
- ATR
- 1.32
- 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
MCBIM closed below the external strong low at 149.00 - the external trend turns bearish.
The 30-minute close at 142.00 confirms it. The new external CHoCH level (strong high) is 177.65: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 177.65). Nearest supply OB 164.50 - 165.00.
How to read this signal
- 1 Price closed below the swing level at 149.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 177.65 (+25.1%).
- 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.