PSX · TEXTILE COMPOSITE · 30 Min
ANL Bear Pennant breakdown
Azgard Nine Limited · 22 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 8.99 on the breakout. Target 7.82, invalidation 9.30.
Trade plan
● Active- Close
- 8.99
- ▼ 2.81%
- Target
- 7.82
- -13.0%
- Invalidation
- 9.30
- +3.4%
RiskReward
- Reward : risk
- 3.8 : 1
- ATR
- 0.17
- Price now
- 8.80 -2.1%
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
ANL broke below its bear pennant on the 30-minute close at 8.99.
Projected target 7.82 (-13.0%). The pattern is invalidated beyond 9.30 (+3.4%), a reward-to-risk of about 3.8 : 1.
Structure: bullish external, bearish internal (strong low 8.26). Nearest demand OB 8.41 - 8.70, supply OB 9.72 - 10.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 8.99.
- 2 The target, 7.82 (-13.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.30 (+3.4%), cancels the setup.
- 4 Reward : risk is 3.8 : 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.