PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
PASL Bull Flag forming
Pervez Ahmed Consultancy Services Ltd. · 21 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 3.14
- ▼ 2.48%
- Upper line
- 3.21
- +2.2%
- Lower line
- 3.03
- -3.5%
- ATR
- 0.11
- 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
PASL is building a bull flag after a 0.76 rally (6.9x ATR) on the 30-minute chart.
The flag channel runs between 3.03 and 3.21. A 30-minute close above 3.23 signals continuation towards 3.97; a close below 3.03 fails the pattern.
Structure: bullish external, bullish internal (strong low 2.31). Nearest demand OB 2.59 - 2.66.
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 3.21 (+2.2%) would be an upside breakout.
- 3 A 30 min close below 3.03 (-3.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.