PSX · WOOLLEN · 30 Min
BNWM Bear Flag breakdown
Bannu Woollen Mills Limited · 21 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 61.06 on the breakout. Target 55.90, invalidation 63.98.
Trade plan
● Active- Close
- 61.06
- ▼ 4.56%
- Target
- 55.90
- -8.5%
- Invalidation
- 63.98
- +4.8%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 1.21
- Price now
- 63.00 +3.2%
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
BNWM broke below its bear flag on the 30-minute close at 61.06.
Projected target 55.90 (-8.5%). The pattern is invalidated beyond 63.98 (+4.8%), a reward-to-risk of about 1.8 : 1.
Structure: bullish external, bearish internal (strong low 59.83). Nearest demand OB 60.00 - 60.17, supply OB 66.00 - 67.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 61.06.
- 2 The target, 55.90 (-8.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 63.98 (+4.8%), cancels the setup.
- 4 Reward : risk is 1.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.