PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
TPL Bull Flag forming
TPL Corp Limited · 22 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 21.60
- ▼ 0.92%
- Upper line
- 22.10
- +2.3%
- Lower line
- 21.51
- -0.4%
- ATR
- 0.40
- 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
TPL is building a bull flag after a 3.19 rally (7.9x ATR) on the hourly chart.
The flag channel runs between 21.51 and 22.10. A hourly close above 22.18 signals continuation towards 25.29; a close below 21.51 fails the pattern.
Structure: bearish external, bullish internal (strong high 24.80). Nearest demand OB 19.30 - 19.61, supply OB 23.15 - 23.70.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 22.10 (+2.3%) would be an upside breakout.
- 3 A 1 hour close below 21.51 (-0.4%) 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.