PSX · CEMENT · 30 Min
SMCPL Bear Flag forming
Safe Mix Concrete Limited · 20 Oct 2026 · 10:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 36.91
- ▼ 1.84%
- Upper line
- 37.62
- +1.9%
- Lower line
- 36.79
- -0.3%
- ATR
- 0.42
- 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
SMCPL is building a bear flag after a 3.26 drop (7.7x ATR) on the 30-minute chart.
The flag channel runs between 36.79 and 37.62. A 30-minute close below 36.71 signals continuation towards 33.53; a close above 37.62 fails the pattern.
Structure: bearish external, bearish internal (strong high 49.88). Nearest demand OB 34.72 - 35.98, supply OB 39.55 - 40.89.
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 37.62 (+1.9%) would be an upside breakout.
- 3 A 30 min close below 36.79 (-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.