PSX · PHARMACEUTICALS · 30 Min
BFBIO Bull Pennant forming
BF Biosciences Limited · 12 Nov 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 137.00
- ▲ 0.37%
- Upper line
- 138.72
- +1.3%
- Lower line
- 135.63
- -1.0%
- ATR
- 1.33
- 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
BFBIO is building a bull pennant after a 7.89 rally (5.9x ATR) on the 30-minute chart.
The flag channel runs between 135.63 and 138.72. A 30-minute close above 138.99 signals continuation towards 146.61; a close below 135.63 fails the pattern.
Structure: bearish external, bullish internal (strong high 145.00). Nearest demand OB 132.01 - 133.00, supply OB 146.18 - 148.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 138.72 (+1.3%) would be an upside breakout.
- 3 A 30 min close below 135.63 (-1.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.