PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
ATBA Bear Pennant breakdown
Atlas Battery Limited · 22 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 160.00 on the breakout. Target 135.87, invalidation 164.89.
Trade plan
● Active- Close
- 160.00
- ▼ 1.24%
- Target
- 135.87
- -15.1%
- Invalidation
- 164.89
- +3.1%
RiskReward
- Reward : risk
- 4.9 : 1
- ATR
- 3.02
- Price now
- 161.54 +1.0%
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
ATBA broke below its bear pennant on the hourly close at 160.00.
Projected target 135.87 (-15.1%). The pattern is invalidated beyond 164.89 (+3.1%), a reward-to-risk of about 4.9 : 1.
Structure: bullish external, bearish internal (strong low 155.06). Nearest supply OB 201.55 - 207.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 160.00.
- 2 The target, 135.87 (-15.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 164.89 (+3.1%), cancels the setup.
- 4 Reward : risk is 4.9 : 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.