PSX · INSURANCE · 30 Min
IGIHL Bear Flag breakdown
IGI Holdings Limited · 23 Oct 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 226.00 on the breakout. Target 214.88, invalidation 231.90.
Trade plan
● Active- Close
- 226.00
- ▼ 1.70%
- Target
- 214.88
- -4.9%
- Invalidation
- 231.90
- +2.6%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 2.59
- Price now
- 225.50 -0.2%
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
IGIHL broke below its bear flag on the 30-minute close at 226.00.
Projected target 214.88 (-4.9%). The pattern is invalidated beyond 231.90 (+2.6%), a reward-to-risk of about 1.9 : 1.
Structure: bullish external, bearish internal (strong low 224.00). Nearest demand OB 201.50 - 204.00, supply OB 230.00 - 231.90.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 226.00.
- 2 The target, 214.88 (-4.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 231.90 (+2.6%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.