PSX · TEXTILE COMPOSITE · Daily
CRTM Bear Flag forming
The Crescent Textile Mills Limited · 11 Nov 2026
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 62.17
- ▲ 0.32%
- Upper line
- 66.40
- +6.8%
- Lower line
- 62.00
- -0.3%
- ATR
- 3.54
- 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 Daily candles · click to enlarge
The breakdown
CRTM is building a bear flag after a 19.49 drop (5.5x ATR) on the daily chart.
The flag channel runs between 62.00 and 66.40. A daily close below 61.29 signals continuation towards 42.51; a close above 66.40 fails the pattern.
Structure: bullish external, bullish internal (strong low 16.60). Nearest demand OB 56.00 - 57.99, supply OB 80.30 - 84.48.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 66.40 (+6.8%) would be an upside breakout.
- 3 A daily close below 62.00 (-0.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.