PSX · REFINERY · 1 Hour
ATRL Bear Flag forming
Attock Refinery Limited · 26 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 1,095.00
- ▲ 0.37%
- Upper line
- 1,117.00
- +2.0%
- Lower line
- 1,074.16
- -1.9%
- ATR
- 18.46
- 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
ATRL is building a bear flag after a 165.84 drop (9.0x ATR) on the hourly chart.
The flag channel runs between 1,074.16 and 1,117.00. A hourly close below 1,070.47 signals continuation towards 908.32; a close above 1,117.00 fails the pattern.
Structure: bullish external, bullish internal (strong low 1,039.00). Nearest demand OB 1,053.16 - 1,089.60, supply OB 1,202.11 - 1,212.00.
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 1,117.00 (+2.0%) would be an upside breakout.
- 3 A 1 hour close below 1,074.16 (-1.9%) 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.