PSX · MODARABAS · 30 Min
FHAM Bull Pennant forming
First Habib Modaraba · 12 Nov 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 28.10
- ▼ 0.04%
- Upper line
- 28.45
- +1.2%
- Lower line
- 28.12
- +0.1%
- ATR
- 0.20
- 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
FHAM is building a bull pennant after a 1.24 rally (6.2x ATR) on the 30-minute chart.
The flag channel runs between 28.12 and 28.45. A 30-minute close above 28.49 signals continuation towards 29.69; a close below 28.12 fails the pattern.
Structure: bearish external, bearish internal (strong high 35.50). Nearest supply OB 29.01 - 29.30.
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 28.45 (+1.2%) would be an upside breakout.
- 3 A 30 min close below 28.12 (+0.1%) 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.