PSX · TEXTILE SPINNING · 30 Min
GADT Bear Pennant forming
Gadoon Textile Mills Limited · 21 Oct 2026 · 12:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 284.00
- ▲ 0.39%
- Upper line
- 284.98
- +0.3%
- Lower line
- 280.18
- -1.3%
- ATR
- 1.89
- 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
GADT is building a bear pennant after a 9.89 drop (5.2x ATR) on the 30-minute chart.
The flag channel runs between 280.18 and 284.98. A 30-minute close below 279.80 signals continuation towards 270.29; a close above 284.98 fails the pattern.
Structure: bearish external, bearish internal (strong high 311.20). Nearest demand OB 275.00 - 279.00, supply OB 323.00 - 325.10.
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 284.98 (+0.3%) would be an upside breakout.
- 3 A 30 min close below 280.18 (-1.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear 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.