PSX · MODARABAS · 1 Hour
ORM Bear Pennant breakdown
Orient Rental Mod · 21 Oct 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 10.53 on the breakout. Target 8.59, invalidation 10.87.
Trade plan
✕ Invalidated- Close
- 10.53
- ▼ 1.50%
- Target
- 8.59
- -18.4%
- Invalidation
- 10.87
- +3.2%
RiskReward
- Reward : risk
- 5.7 : 1
- ATR
- 0.28
- Price now
- 10.60 +0.7%
- Resolved
- 22 Oct · 09:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
ORM broke below its bear pennant on the hourly close at 10.53.
Projected target 8.59 (-18.4%). The pattern is invalidated beyond 10.87 (+3.2%), a reward-to-risk of about 5.7 : 1.
Structure: bullish external, bearish internal (strong low 10.00). Nearest demand OB 9.49 - 9.88, supply OB 12.01 - 12.29.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 10.53.
- 2 The target, 8.59 (-18.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 10.87 (+3.2%), cancels the setup.
- 4 Reward : risk is 5.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.