PSX · COMMERCIAL BANKS · 1 Hour
FABL Bull Flag forming
Faysal Bank Limited · 12 Nov 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 96.30
- ▲ 0.06%
- Upper line
- 97.00
- +0.7%
- Lower line
- 95.37
- -1.0%
- ATR
- 0.85
- 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
FABL is building a bull flag after a 6.30 rally (7.4x ATR) on the hourly chart.
The flag channel runs between 95.37 and 97.00. A hourly close above 97.17 signals continuation towards 103.30; a close below 95.37 fails the pattern.
Structure: bearish external, bullish internal (strong high 105.49). Nearest demand OB 91.50 - 92.20, supply OB 99.25 - 99.70.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 97.00 (+0.7%) would be an upside breakout.
- 3 A 1 hour close below 95.37 (-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 flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.