PSX · OIL & GAS EXPLORATION COMPANIES · 1 Hour
PPL Bear Flag breakdown
Pakistan Petroleum Limited · 23 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 212.61 on the breakout. Target 205.86, invalidation 216.60.
Trade plan
● Active- Close
- 212.61
- ▼ 0.65%
- Target
- 205.86
- -3.2%
- Invalidation
- 216.60
- +1.9%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 1.63
- Price now
- 207.90 -2.2%
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
PPL broke below its bear flag on the hourly close at 212.61.
Projected target 205.86 (-3.2%). The pattern is invalidated beyond 216.60 (+1.9%), a reward-to-risk of about 1.7 : 1.
Structure: bearish external, bearish internal (strong high 250.00). Nearest demand OB 207.21 - 210.00, supply OB 214.25 - 216.74.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 212.61.
- 2 The target, 205.86 (-3.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 216.60 (+1.9%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.