Smart Money Smart Money

Log in Join freeCreate free account

Pattern guide · Either direction

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.

How the change of character (choch) works

Where a BOS confirms the trend, a CHoCH is the first crack in it. It does not prove a reversal on its own; it flags that the other side has taken control of the last swing.

Traders often wait for a following BOS in the new direction before treating the reversal as established.

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.

Latest change of character (choch) signals

APL ▼ Bearish

Bearish change of character

APL closed below the external strong low at 522.99 - the external trend turns bearish.

Close: 522.60
Broken: 522.99; +0.1%
CHoCH: 607.00; +16.2%

14 Oct 2026 · 12:30 PKT Market structure

BLUEX ▲ Bullish

Bullish change of character

BLUEX closed above the external strong high at 5.89 - the external trend turns bullish.

Close: 6.09
Broken: 5.89; -3.3%
CHoCH: 5.31; -12.8%

14 Oct 2026 · 12:30 PKT Market structure

GTYR ▲ Bullish

Bullish change of character

GTYR closed above the external strong high at 26.97 - the external trend turns bullish.

Close: 27.15
Broken: 26.97; -0.7%
CHoCH: 24.01; -11.6%

14 Oct 2026 · 12:00 PKT Market structure

IDRT ▲ Bullish

Bullish change of character

IDRT closed above the external strong high at 36.51 - the external trend turns bullish.

Close: 36.94
Broken: 36.51; -1.2%
CHoCH: 28.70; -22.3%

14 Oct 2026 · 10:30 PKT Market structure

NSRM ▲ Bullish

Bullish change of character

NSRM closed above the external strong high at 207.00 - the external trend turns bullish.

Close: 212.00
Broken: 207.00; -2.4%
CHoCH: 180.00; -15.1%

14 Oct 2026 · 10:00 PKT Market structure

JSCL ▲ Bullish

Bullish change of character

JSCL closed above the external strong high at 22.00 - the external trend turns bullish.

Close: 22.07
Broken: 22.00; -0.3%
CHoCH: 19.25; -12.8%

14 Oct 2026 · 10:00 PKT Market structure

GEMPACRA ▼ Bearish

Bearish change of character

GEMPACRA closed below the external strong low at 42.00 - the external trend turns bearish.

Close: 39.00
Broken: 42.00; +7.7%
CHoCH: 50.95; +30.6%

14 Oct 2026 · 10:00 PKT Market structure

GEMPACRA ▼ Bearish

Bearish change of character

GEMPACRA closed below the external strong low at 42.00 - the external trend turns bearish.

Close: 39.00
Broken: 42.00; +7.7%
CHoCH: 50.95; +30.6%

14 Oct 2026 · 09:30 PKT Market structure

MQTM ▼ Bearish

Bearish change of character

MQTM closed below the external strong low at 25.51 - the external trend turns bearish.

Close: 25.32
Broken: 25.51; +0.8%
CHoCH: 40.00; +58.0%

14 Oct 2026 · 09:30 PKT Market structure

NRL ▲ Bullish

Bullish change of character

NRL closed above the external strong high at 650.00 - the external trend turns bullish.

Close: 655.29
Broken: 650.00; -0.8%
CHoCH: 141.05; -78.5%

14 Oct 2026 Market structure

WAFI ▼ Bearish

Bearish change of character

WAFI closed below the external strong low at 153.00 - the external trend turns bearish.

Close: 152.11
Broken: 153.00; +0.6%
CHoCH: 170.99; +12.4%

13 Oct 2026 · 12:00 PKT Market structure

POL ▼ Bearish

Bearish change of character

POL closed below the external strong low at 668.20 - the external trend turns bearish.

Close: 668.00
Broken: 668.20; +0.0%
CHoCH: 770.49; +15.3%

13 Oct 2026 · 11:30 PKT Market structure

WAFI ▼ Bearish

Bearish change of character

WAFI closed below the external strong low at 153.00 - the external trend turns bearish.

Close: 152.80
Broken: 153.00; +0.1%
CHoCH: 170.99; +11.9%

13 Oct 2026 · 11:30 PKT Market structure

HBL ▼ Bearish

Bearish change of character

HBL closed below the external strong low at 290.00 - the external trend turns bearish.

Close: 289.00
Broken: 290.00; +0.3%
CHoCH: 343.39; +18.8%

13 Oct 2026 · 10:30 PKT Market structure

BWHL ▼ Bearish

Bearish change of character

BWHL closed below the external strong low at 211.00 - the external trend turns bearish.

Close: 210.11
Broken: 211.00; +0.4%
CHoCH: 247.99; +18.0%

13 Oct 2026 · 10:00 PKT Market structure

UCAPM ▲ Bullish

Bullish change of character

UCAPM closed above the external strong high at 8.30 - the external trend turns bullish.

Close: 8.98
Broken: 8.30; -7.6%
CHoCH: 3.15; -64.9%

13 Oct 2026 · 09:30 PKT Market structure

BWHL ▼ Bearish

Bearish change of character

BWHL closed below the external strong low at 211.00 - the external trend turns bearish.

Close: 210.11
Broken: 211.00; +0.4%
CHoCH: 247.99; +18.0%

13 Oct 2026 · 09:30 PKT Market structure

BWHL ▼ Bearish

Bearish change of character

BWHL closed below the external strong low at 211.00 - the external trend turns bearish.

Close: 210.00
Broken: 211.00; +0.5%
CHoCH: 247.99; +18.1%

12 Oct 2026 · 14:00 PKT Market structure

BWHL ▼ Bearish

Bearish change of character

BWHL closed below the external strong low at 211.00 - the external trend turns bearish.

Close: 210.00
Broken: 211.00; +0.5%
CHoCH: 247.99; +18.1%

12 Oct 2026 · 13:30 PKT Market structure

HBL ▼ Bearish

Bearish change of character

HBL closed below the external strong low at 290.00 - the external trend turns bearish.

Close: 289.30
Broken: 290.00; +0.2%
CHoCH: 343.39; +18.7%

12 Oct 2026 · 13:30 PKT Market structure

ARPAK ▼ Bearish

Bearish change of character

ARPAK closed below the external strong low at 114.11 - the external trend turns bearish.

Close: 112.10
Broken: 114.11; +1.8%
CHoCH: 129.78; +15.8%

12 Oct 2026 · 13:30 PKT Market structure

EMCO ▲ Bullish

Bullish change of character

EMCO closed above the external strong high at 32.99 - the external trend turns bullish.

Close: 33.65
Broken: 32.99; -2.0%
CHoCH: 29.10; -13.5%

12 Oct 2026 · 11:30 PKT Market structure

KSBP ▲ Bullish

Bullish change of character

KSBP closed above the external strong high at 209.99 - the external trend turns bullish.

Close: 212.98
Broken: 209.99; -1.4%
CHoCH: 199.22; -6.5%

12 Oct 2026 · 11:00 PKT Market structure

IREIT ▼ Bearish

Bearish change of character

IREIT closed below the external strong low at 7.72 - the external trend turns bearish.

Close: 7.69
Broken: 7.72; +0.4%
CHoCH: 9.00; +17.0%

12 Oct 2026 · 11:00 PKT Market structure

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

← All pattern signals