PSX · CHEMICAL · 1 Hour
PAKOXY Bull Flag forming
Pakistan Oxygen Limited · 20 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 367.00
- ▼ 1.87%
- Upper line
- 375.69
- +2.4%
- Lower line
- 365.89
- -0.3%
- ATR
- 6.07
- 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
PAKOXY is building a bull flag after a 38.59 rally (6.4x ATR) on the hourly chart.
The flag channel runs between 365.89 and 375.69. A hourly close above 376.90 signals continuation towards 414.28; a close below 365.89 fails the pattern.
Structure: bullish external, bullish internal (strong low 329.89). Nearest demand OB 345.00 - 351.00.
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 375.69 (+2.4%) would be an upside breakout.
- 3 A 1 hour close below 365.89 (-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 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.