PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
ASC Bear Flag forming
Al Shaheer Corporation Limited · 23 Oct 2026 · 11:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 7.70
- ▲ 0.00%
- Upper line
- 7.82
- +1.6%
- Lower line
- 7.65
- -0.6%
- ATR
- 0.08
- 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
ASC is building a bear flag after a 0.44 drop (5.5x ATR) on the 30-minute chart.
The flag channel runs between 7.65 and 7.82. A 30-minute close below 7.63 signals continuation towards 7.21; a close above 7.82 fails the pattern.
Structure: bearish external, bullish internal (strong high 9.18). Nearest supply OB 9.20 - 9.45.
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 7.82 (+1.6%) would be an upside breakout.
- 3 A 30 min close below 7.65 (-0.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.