PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
PPL Bear Pennant breakdown
Pakistan Petroleum Limited · 20 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 214.35 on the breakout. Target 206.88, invalidation 215.58.
Trade plan
✕ Invalidated- Close
- 214.35
- ▼ 0.21%
- Target
- 206.88
- -3.5%
- Invalidation
- 215.58
- +0.6%
RiskReward
- Reward : risk
- 6.1 : 1
- ATR
- 1.15
- Price now
- 215.40 +0.5%
- Resolved
- 21 Oct · 09:30
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
PPL broke below its bear pennant on the 30-minute close at 214.35.
Projected target 206.88 (-3.5%). The pattern is invalidated beyond 215.58 (+0.6%), a reward-to-risk of about 6.1 : 1.
Structure: bearish external, bullish internal (strong high 250.00). Nearest demand OB 207.21 - 210.00, supply OB 229.31 - 230.14.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 214.35.
- 2 The target, 206.88 (-3.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 215.58 (+0.6%), cancels the setup.
- 4 Reward : risk is 6.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.